Inflation Tests a Global Economy That Has Weathered Covid-19, Ukraine War

WASHINGTON—The global economy has emerged from the pandemic and weathered the war in Ukraine with surprising resilience, policy makers gathered in Washington said last week. Yet the recovery remains fragile as stubborn inflation fuels risks in many corners of the world. 

Top finance officials and central bankers patted each other on the back over the way their economies pulled through the past year, as they met for the spring meetings of the World Bank and the International Monetary Fund, their first fully in-person gathering in more than three years.