In countries where the recovery was accelerating, such as the United States, it would be “essential” to avoid overreacting to transitory increases in inflation, Georgieva said. (Reporting by Andrea Shalal; Editing by Leslie Adler)
Georgieva said an accelerated recovery from the COVID-19 pandemic in the United States, where growth is seen reaching 7% in 2021, would benefit many countries through increased trade, but rising inflation could be more sustained than expected.
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The IMF was working with the World Bank and other institutions to move forward on its $50 billion plan to end the pandemic, she said, arguing that quicker progress could result in trillions of dollars of added global economic output.
Arsenal ‘launch bid for Aouar with talks progressing well with Lyon’
The Gunners were in hot pursuit of Aouar last summer but after having a number of bids turned down and being told they must spend £45million for his services, they opted to sign Partey instead.
Mail Online
16:48
DONE DEAL(S): Newcastle tie down FIVE players to new contracts
Jacob Murphy, Federico Fernandez and Dwight Gayle have all signed new deals while the Magpies have also taken up options to extend the contracts of defenders Paul Dummett and Fabian Schar.
‘Ask any politician – you can’t avoid being corrupted by the office. Maybe he went in with good intentions, but he’s been corrupted over the years. He’s worked with segregationists, Klansmen. And now, I don’t even know what’s going on with this gallery situation but he can’t stop bombing Syria or Iraq and someone should say something about it, so let’s go see Hunter Biden’s gallery.’
Nagelsmann wants United target Goretzka to stay at Bayern
The 26-year-old has entered the final year of his deal with Bayern, which has led to the Red Devils to consider a move and get him for a cut-price deal this summer.
Mail Online
16:41
DONE DEAL: Mario Balotelli has found a new club!
The 30-year-old striker was a free agent after leaving Serie B side Monza at the end of his six-month deal there but has now joined Turkish side Adana Demirspor on a three-year contract.
Higher U.S.
interest rates, in turn, could lead to a sharp tightening of global financial conditions and significant capital outflows from emerging and developing economies, IMF Managing Director Kristalina Georgieva said in a blog published Wednesday with the IMF’s surveillance note for G20 countries.
Georgieva repeated her call for urgent action by the G20 countries to accelerate vaccinations to high-risk populations, warning of a “worsening two-track recovery” that is leaving a large number of countries behind while the United States, China, the euro area and a few others are recovering quickly.
Balotelli joins Turkish minnows Adana Demirspor on three-year deal
The 30-year-old striker was a free agent after leaving Serie B side Monza at the end of his six-month deal there after they narrowly missed out making it into the Italian top-flight.
Mail Online
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15:09
DONE DEAL: Liverpool hand professional contract to the BALLBOY who helped Trent Alexander-Arnold take his quick corner in the stunning 2019 Anfield Champions League comeback against Barcelona
What a great story this is! Oakley Cannonier has signed his first professional contract with the club – two years on from that magical night at Anfield!
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09:31
Palace close in on £8m deal for Reading midfielder Michael Olise
The 19-year-old is regarded as one of the best talents in the Championship and would kick off a new era at Selhurst Park under new boss Patrick Vieira, who could make the midfielder his first signing as Eagles boss.
