Current location:sport >>
‘Robust' US has helped improve global economic outlook, IMF chief says
sport954People have gathered around
IntroductionWashington —Strong growth in the United States has helped to lift the outlook for the world economy, ...
Strong growth in the United States has helped to lift the outlook for the world economy, but more needs to be done to stem a slide in productivity, the head of the IMF said Thursday.
"Global growth is marginally stronger on account of robust activity in the United States and in many emerging markets economies," International Monetary Fund Managing Director Kristalina Georgieva told reporters in prepared remarks.
The U.S. economy grew by 2.5 percent last year, according to the U.S. Commerce Department, far outstripping most other advanced economies.
"Robust household consumption and business investment, and an easing of supply chain problems helped," Georgieva added. "And inflation is going down, somewhat faster than previously expected."
She spoke just a few days before the IMF-World Bank spring meetings of world financial leaders in Washington, one of two such gatherings hosted each year by the international financial institutions.
Her remarks suggest the IMF now expects the world economy to grow faster than it predicted in January, when it forecast global growth to rise by 3.1 percent in 2024, and 3.2 percent in 2025.
"It is tempting to breathe a sigh of relief. We have avoided a global recession and a period of stagflation — as some had predicted," Georgieva said. "But there are still plenty of things to worry about."
Among the challenges, Georgieva mentioned rising geopolitical tension, which, she said, is increasing the risks of fragmentation of the global economy.
She also highlighted the challenges of growing public debt and a "broad-based slowdown in productivity."
Because of this, the IMF expects growth to remain at just above 3 percent over the medium term — below its historical average.
To help the global economy to heal and fix the productivity challenge, Georgieva laid out a series of steps to bring global inflation and public debt back down to sustainable levels, and also called for steps to eliminate "constraints to economic activity" and boost productivity.
"In short, if there is a market failure that is being addressed — such as accelerating innovation to address the existential threat of climate change — there is a case for government intervention, including through industrial policy," she said.
"If there is no market failure, there is a need for caution," she added.
Tags:
Reprint:Friends are welcome to share on the Internet, but please indicate the source of the article when reprinting it.“Worldly Whispers news portal”。http://guinea-bissau.e-directivos.com/news-57d199938.html
Related articles
Hush money trial: Trump witness Costello back on the stand after admonishment
sportNEW YORK (AP) — A defense witness in Donald Trump’s hush money case whom the judge threatened to rem ...
【sport】
Read moreSimbine upstages Coleman and Kerley to win 100
sportSUZHOU, China (AP) — Akani Simbine surged late to win the 100 meters in 10.01 seconds at the Diamond ...
【sport】
Read moreGray pitches Cardinals past scuffling Mets 7
sportNEW YORK (AP) — Sonny Gray extended his terrific start with St. Louis, Paul Goldschmidt hit an early ...
【sport】
Read more
Popular articles
- Closing prices for crude oil, gold and other commodities
- Haliburton breaks tie with 3
- From Catherine Zeta Jones and Carys Douglas to Cindy Crawford and Kaia Gerber
- Yellowstone star Ian Bohen says show will have 'best series finale in history'
- Hong Kong: Authorities will monitor internet platforms for non
- Nadal gets even with De Minaur at Madrid Open. Top seeds Sinner and Swiatek advance
Latest articles
Seoul AI summit opens with companies including Google, Meta, OpenAI pledging to develop AI safely
Nadal gets even with De Minaur at Madrid Open. Top seeds Sinner and Swiatek advance
PSG fails to win the French league after drawing with struggling Le Havre
Mets put reliever Drew Smith on 15
Austrian leader lauds UK's efforts on migration and cites its plan for deportations to Rwanda
Chiefs address biggest concerns in NFL draft with selections of wide receiver and offensive tackle
LINKS
- Paintsil sparks Galaxy to 4
- Iran's president holds talks with Pakistani premier after arrival in Islamabad for a 3
- North Korea has fired multiple missiles into the ocean, South Korea says
- Vietnam police arrest assistant to National Assembly chairman — Radio Free Asia
- China introduces measures to support overseas investment in domestic sci
- REVEALED: Former Tory minister who leapt to Angela Rayner's defence... is working for Labour
- WADA stands by decision to clear Chinese swimmers for Tokyo Olympics citing contaminated samples
- The rainbow princess: Kate Middleton's stylish
- China's central bank adds liquidity via reverse repos
- Takeaways from AP report on how the search for the coronavirus origins turned toxic