Speaking ahead of the Annual Meeting of the International Monetary Fund (IMF), Bundesbank Vice-President Claudia Buch said that developments in the global economy had reached a turning point. “Cyclical risks and high inflation are weighing on markets, while geopolitical developments and combating climate change require structural adjustments,” Ms Buch explained. The IMF governors of all member states will gather for the Annual Meeting of the IMF and the World Bank, which is to take place in Washington DC in mid-October.