Governments must not allow inflation to become ‘runaway train’ – IMF chief

International Monetary Fund managing director Kristalina Georgieva speaks at a news conference (Patrick Semansky/AP)

The managing director of the International Monetary Fund has urged governments to keep up the fight against inflation even it means more pain at a time of extraordinary economic turmoil.

Speaking to reporters on Thursday, the IMF’s Kristaline Georgieva said that the world economy “has been hit by one shock after another″ – the coronavirus pandemic, Russia’s invasion of Ukraine and a resurgence of inflation.