IMF Georgieva says IMF is concerned about mounting fiscal pressures as evidenced by rising bond yields and a stalled disinflation process

Risks to outlook are more balanced than in Spring but still tilted to the downside. Renewed rise in oil prices could fuel inflation, forcing central banks to retain restrictive policy stance. Lower energy demand, increased renewables, and shift back to coal in some places have also eased Gulf supply crunch. All countries need to tackle fiscal problems and present credible plans to ensure debt and deficits are on sustainable paths.