05-06-2021 | 15:13 PM
‘Ricochet Impact’
• According to the International Monetary Fund (IMF), the struggle of emerging-market countries to emerge from a pandemic-induced economic crisis might harm developed countries. According to the report, the crisis is having a "Ricochet effect" on the developed and advanced countries.
• The IMF recommends that industrialized countries do all possible to guarantee better and more fair access to vaccinations, as well as fair recovery.
• Poorer nations are facing the risk of increasing interest rates even though their economies aren’t growing.
NOTE: Ricochet means rebound, bounce, or skip off from the surface, particularly in projectile cases.
