(Reuters) – Global policymakers have actually made impressive development in dealing with rising cost of living without causing an economic downturn, yet some job continues to be to be done, International Monetary Fund Managing Director Kristalina Georgieva claimed in Davos.
“The head of the genie is in the bottle, most of the body of the genie is in the bottle, kind of getting stuck there, but the legs are kind-of hanging still out,” Georgieva informed the World Economic Forum when asked if the ‘genie’ of rising cost of living had actually been beat. “We need to push it all the way down.”
(Reporting by Balazs Koranyi; Editing by Kevin Liffey)
