As for inflation; Georgieva noted that the problem is country’s specific. Euro-zone’s inflation surged to a record high of 5% in December. The U.K. inflation rate blasted above a 30-year high, and the U.S. consumer price index surged at its fastest pace since June 1982.
“That country specificity is what makes 2022, in a way, even more, difficult than 2020,” Georgieva said.
“In 2020, we had similar policies everywhere because we were fighting the same problem — an economy at a standstill. In 2022, conditions in countries are very different, so we cannot anymore have the same policy everywhere, it has to be country-specific and that makes our job in 2022 so much more complicated.”
