the world economy It is expected to grow less than 3% this year, and the International Monetary Fund warned Thursday that the slowdown will continue in Almost all the world’s developed economies.
“with rising geopolitical tensions, with Inflation remains high and strong recovery remains “It’s out of reach,” said Kristalina Georgieva, Managing Director of the International Monetary Fund.
“It hurts prospects of Everyone in particular for most vulnerable people And the most vulnerable countries,” she added in event in Washington.
worldwide growth Almost half last year to 3.4% as an effect of Russia invasion of Ukraine ripple through world economysuddenly stopped recovery from the COVID-19 pandemic.
While emerging markets in Asia are expected to witness significant increases in economic output – with Expect India and China to be held accountable for half of everyone growth this year – the good news It will be outpaced by the expected slowdown for 90% of The world’s advanced economies.
“growth remains Historically weak – now and in Average term, Georgieva said.
She said growth expected to remain about 3% for the next Five years, we call it our “lowest median-“term growth Prediction since 1990, and well below average of 3.8% of past two decades.”
She said slower growth It’s going to be a “slam dunk,” which makes it even more difficult for to low-income countries catch up.
Poverty and hunger It could increase, which is a dangerous trend that the COVID crisis has started.”
low income countries A. is expected to suffer double Shock from the high costs of borrowing and decline in demand for Its exports, which can cause poverty and hunger To increase, Georgieva said.
about 15% of low income countries We are already in debt distress, and an additional 45% near it.” addedcalling on Wealthiest IMF members to do more to provide support.
Georgieva comments in Politico event At the Meridian International Center Come on of next Spring meetings a week of International Monetary Fund and its sister lending agency, the World Bank, in Washington, where policymakers will meet to discuss global economy is the most pressing issue.
It will take the annual gathering place As central banks about world Continuing to raise interest rates to tame continuous and continuous inflation debt calamity in Emerging economies pay debt fatigues higherprevent countries from growing.
International Monetary Fund head He insisted on rising interest rates, prof series of bank failure in The United States and Europe, deep geopolitical divisions threaten global financial stability.
“rough, hazy” path Before
Georgieva said so countries Yet “flexible climbers” out of The coronavirus pandemic that has claimed nearly 6.9 million lives people globally, according to the World Health Organization (WHO), and it has been disrupted global supply chains and exacerbating food insecurity around the world.
But developed economies face the challenges of High inflation and poor countries are overburdened debtall like the United States, the European Union and others are rethinking trade relations with China.
tensions with China’s pace accelerated after Russia’s invasion of Ukraine in February 2022 with Chinese President Xi Jinping pledges boundless friendship with Russian President Vladimir Putin.
Georgieva warned in Her speech: “But path Forward – especially path back Strongly growth – rough and foggy, and ropes This is a contract us Together they may be weaker now than they were just several years ago.”
“Now is not the time to get complacent,” she said. “we in a more susceptible to shocks worldAnd we have to be ready for that it ” added.
the world economy It is expected to grow less than 3% this year, and the International Monetary Fund warned Thursday that the slowdown will continue in Almost all the world’s developed economies.
“with rising geopolitical tensions, with Inflation remains high and strong recovery remains “It’s out of reach,” said Kristalina Georgieva, Managing Director of the International Monetary Fund.
“It hurts prospects of Everyone in particular for most vulnerable people And the most vulnerable countries,” she added in event in Washington.
worldwide growth Almost half last year to 3.4% as an effect of Russia invasion of Ukraine ripple through world economysuddenly stopped recovery from the COVID-19 pandemic.
While emerging markets in Asia are expected to witness significant increases in economic output – with Expect India and China to be held accountable for half of everyone growth this year – the good news It will be outpaced by the expected slowdown for 90% of The world’s advanced economies.
“growth remains Historically weak – now and in Average term, Georgieva said.
She said growth expected to remain about 3% for the next Five years, we call it our “lowest median-“term growth Prediction since 1990, and well below average of 3.8% of past two decades.”
She said slower growth It’s going to be a “slam dunk,” which makes it even more difficult for to low-income countries catch up.
Poverty and hunger It could increase, which is a dangerous trend that the COVID crisis has started.”
low income countries A. is expected to suffer double Shock from the high costs of borrowing and decline in demand for Its exports, which can cause poverty and hunger To increase, Georgieva said.
about 15% of low income countries We are already in debt distress, and an additional 45% near it.” addedcalling on Wealthiest IMF members to do more to provide support.
Georgieva comments in Politico event At the Meridian International Center Come on of next Spring meetings a week of International Monetary Fund and its sister lending agency, the World Bank, in Washington, where policymakers will meet to discuss global economy is the most pressing issue.
It will take the annual gathering place As central banks about world Continuing to raise interest rates to tame continuous and continuous inflation debt calamity in Emerging economies pay debt fatigues higherprevent countries from growing.
International Monetary Fund head He insisted on rising interest rates, prof series of bank failure in The United States and Europe, deep geopolitical divisions threaten global financial stability.
“rough, hazy” path Before
Georgieva said so countries Yet “flexible climbers” out of The coronavirus pandemic that has claimed nearly 6.9 million lives people globally, according to the World Health Organization (WHO), and it has been disrupted global supply chains and exacerbating food insecurity around the world.
But developed economies face the challenges of High inflation and poor countries are overburdened debtall like the United States, the European Union and others are rethinking trade relations with China.
tensions with China’s pace accelerated after Russia’s invasion of Ukraine in February 2022 with Chinese President Xi Jinping pledges boundless friendship with Russian President Vladimir Putin.
Georgieva warned in Her speech: “But path Forward – especially path back Strongly growth – rough and foggy, and ropes This is a contract us Together they may be weaker now than they were just several years ago.”
“Now is not the time to get complacent,” she said. “we in a more susceptible to shocks worldAnd we have to be ready for that it ” added.