FM flags headwinds: Inflation, provide strains

Global development momentum is dampened by extended inflation, provide chain disruption, volatility in vitality markets and investor uncertainty, Finance Minister Nirmala Sitharaman stated as she attended the G20 Finance Ministers and Central Bank Governors (FMCBG) assembly in Washington D.C.

“FM Smt. @nsitharaman noted that global growth momentum is dampened by prolonged inflation, supply chain disruption, volatility in energy markets and investor uncertainty,” the Finance Ministry tweeted. The assembly’s agenda included international financial outlook and danger, worldwide monetary structure and international well being.

She additionally met US Secretary of Commerce Gina Raimondo individually. She additionally met John Neuffer, president and CEO of Semiconductor Industry Association.

At the plenary assembly of the IMF’s International Monetary and Financial Committee, she stated the worldwide financial system might even see some development deceleration.