the full Effect of tighten financial The head of the International Monetary Fund said on Thursday that conditions have not yet been met, warning Central banks have some way Togo in their inflation battle.
The managing director of the International Monetary Fund, Kristalina Georgieva, said 2023 would be “another difficult” year. year” for the global economy Inflation remained stubborn but did not expect another year of consecutive cuts like who were seen last yearexcept for unexpected developments.
worldwide growth It is expected to lead to further slowdown year, as central banks, including the US Federal Reserve, raised interest rates to calm soaring prices. while sectors like Housing was reeling in United State , for For example, work market remains strong with low unemployment.
The IMF is unlikely to cut its forecasts for 2.7% growth in 2023, Georgieva told reporters in surround on the world economy, noting that for fear of oil price spike king failed be realized and labor markets remained strong.
“The job isn’t over yet.”
“as long people They are hired, even if prices are high, consumers spend …but we all are know that sway of tighten financial Circumstances have not yet bitten, in terms of The unemployment ” head of the global said the lender.
“Inflation remains stubborn f in That meaning, the job of Central banks are not done yet.”
This suggests that central banks may do so need To continue to raise interest rates, walk a fine line between easing demand and avoid tipping economies into recession.
Come do it with The stakes, Georgieva stressed need to watch how stress terms hit the work market And possibly translate inside “more Tensions between employers and workers.
Governments were quick to provide this policy support So far, add a barrier between consumers and higher food and energy costs, but this policy space She warned of “shrinkage”.
pressing out
International Monetary Fund also expect global Slow to the bottom outtowards year-It’s over for the world economy To turn towards a higher growth a path in 2024, Georgieva said.
International Monetary Fund in October expected it global growth will slow to 2.7% in 2023 after falling from 6% in 2021 to 3.2% in 2022. He had previously predicted growth of 2.9% for 2023, but Georgieva said she does not expect further cuts in forecasts.
The IMF maintains: view it’s a “global “Stagnation” can be avoided even if some countries See deflation. But this is subject to absence of negative shocks like grow social disturbances and spread between countriesclimate eventsor exacerbation in Russia invasion of Ukraine.
“We are now in a more Vulnerable to world shocks, Georgieva said.
while more compact financial Circumstances will have a ‘dramatic’ effect on countries with high debt Levels, Georgieva said, the IMF does not see “systemic debt calamity on horizon.”
she added it’s a new global sovereign debt The round table is set In order to meet for the first the time in February, on Sidelines of a group of 20 (G-20) Financial Officers Meeting, Fetch key creditors and private financing together.
‘stay on track’
Weight in on specific countriesGeorgieva noted that China needs to “continue the course” in It reopened nearly three years ago of strict zero- COVID-19 policy who hit business Activity.
China recovery from latest lunges; in She said the coronavirus cases since the recent lifting of lockdowns, quarantines and mass testing would have significant impacts globally.
the world’s second- the biggest economy used for delivery up to 40% of world growth.
“The most important is for China to stay on track, not back off “From the reopening,” Georgieva said. If so, it may turn into a “positive contributor” to the average global growth By the middle of the year or so, she is added.
On the other hand, Georgieva expressed her optimism over “noticeable” market Flexibility in United State , with COVID era support consumer assistance demand in The world is bigger economy.
International Monetary Fund in The expected GDP in the United States for the month of October growth for 2023 by 1.0%, which is an expectation update This month. World Bank on Tuesday US forecast growth at 0.5% for 2023.
“It gives some … expectation that the United States will avoid “Falling into a recession,” Georgieva said, adding that the potential downturn was likely to be moderate.
Right now, that seems to be the dynamic more indicative of soft landing added.
the full Effect of tighten financial The head of the International Monetary Fund said on Thursday that conditions have not yet been met, warning Central banks have some way Togo in their inflation battle.
The managing director of the International Monetary Fund, Kristalina Georgieva, said 2023 would be “another difficult” year. year” for the global economy Inflation remained stubborn but did not expect another year of consecutive cuts like who were seen last yearexcept for unexpected developments.
worldwide growth It is expected to lead to further slowdown year, as central banks, including the US Federal Reserve, raised interest rates to calm soaring prices. while sectors like Housing was reeling in United State , for For example, work market remains strong with low unemployment.
The IMF is unlikely to cut its forecasts for 2.7% growth in 2023, Georgieva told reporters in surround on the world economy, noting that for fear of oil price spike king failed be realized and labor markets remained strong.
“The job isn’t over yet.”
“as long people They are hired, even if prices are high, consumers spend …but we all are know that sway of tighten financial Circumstances have not yet bitten, in terms of The unemployment ” head of the global said the lender.
“Inflation remains stubborn f in That meaning, the job of Central banks are not done yet.”
This suggests that central banks may do so need To continue to raise interest rates, walk a fine line between easing demand and avoid tipping economies into recession.
Come do it with The stakes, Georgieva stressed need to watch how stress terms hit the work market And possibly translate inside “more Tensions between employers and workers.
Governments were quick to provide this policy support So far, add a barrier between consumers and higher food and energy costs, but this policy space She warned of “shrinkage”.
pressing out
International Monetary Fund also expect global Slow to the bottom outtowards year-It’s over for the world economy To turn towards a higher growth a path in 2024, Georgieva said.
International Monetary Fund in October expected it global growth will slow to 2.7% in 2023 after falling from 6% in 2021 to 3.2% in 2022. He had previously predicted growth of 2.9% for 2023, but Georgieva said she does not expect further cuts in forecasts.
The IMF maintains: view it’s a “global “Stagnation” can be avoided even if some countries See deflation. But this is subject to absence of negative shocks like grow social disturbances and spread between countriesclimate eventsor exacerbation in Russia invasion of Ukraine.
“We are now in a more Vulnerable to world shocks, Georgieva said.
while more compact financial Circumstances will have a ‘dramatic’ effect on countries with high debt Levels, Georgieva said, the IMF does not see “systemic debt calamity on horizon.”
she added it’s a new global sovereign debt The round table is set In order to meet for the first the time in February, on Sidelines of a group of 20 (G-20) Financial Officers Meeting, Fetch key creditors and private financing together.
‘stay on track’
Weight in on specific countriesGeorgieva noted that China needs to “continue the course” in It reopened nearly three years ago of strict zero- COVID-19 policy who hit business Activity.
China recovery from latest lunges; in She said the coronavirus cases since the recent lifting of lockdowns, quarantines and mass testing would have significant impacts globally.
the world’s second- the biggest economy used for delivery up to 40% of world growth.
“The most important is for China to stay on track, not back off “From the reopening,” Georgieva said. If so, it may turn into a “positive contributor” to the average global growth By the middle of the year or so, she is added.
On the other hand, Georgieva expressed her optimism over “noticeable” market Flexibility in United State , with COVID era support consumer assistance demand in The world is bigger economy.
International Monetary Fund in The expected GDP in the United States for the month of October growth for 2023 by 1.0%, which is an expectation update This month. World Bank on Tuesday US forecast growth at 0.5% for 2023.
“It gives some … expectation that the United States will avoid “Falling into a recession,” Georgieva said, adding that the potential downturn was likely to be moderate.
Right now, that seems to be the dynamic more indicative of soft landing added.