Current location:sport >>
‘Robust' US has helped improve global economic outlook, IMF chief says
sport86People 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.“World Window news portal”。http://zimbabwe.barryexit.org/content-9a699984.html
Related articles
I'm a cruise ship worker...these are the FIVE things smart passengers always do onboard
sportA cruise ship worker has shared the five things that 'smart' passengers always do when they come abo ...
【sport】
Read moreBridgerton fans are all saying the same thing about season 3's costumes as new trailer drops
sportToday is the day Bridgerton fans have been waiting for, as the trailer for the highly-anticipated th ...
【sport】
Read moreRachael Blackmore to place in BOTH rides on Day 2 of Aintree boosted to 11/4
sportRachael Blackmore returns to Aintree in 2024 with several rides during the three-day festival of hor ...
【sport】
Read more
Popular articles
- Pentagon vows to keep weapons moving to Ukraine as Kyiv faces a renewed assault by Russia
- The Golden Bachelor couple Gerry Turner and Theresa Nist are getting a divorce
- Robert De Niro, 80, walks hand
- Jurgen Klopp's gamble backfires as lacklustre Liverpool lose 3
- Six killed in a 'foiled coup' in Congo, the army says
- Jurgen Klopp's gamble backfires as lacklustre Liverpool lose 3
Latest articles
Forensic psychiatrist reveals the different types of stalkers
Ai Weiwei launches new exhibit, says still trying to understand studio demolitions
The 10 worst movie sequels of all time REVEALED
Donna Kelce flies into Cincinnati for Travis and Jason's live New Heights showt
China's first intelligent offshore drilling platform installed
Masters stars' adorable children take over the course on the eve of the tournament
LINKS
- Beijing, Paris eye fruitful cooperation
- Xi Meets Sri Lankan PM in Beijing
- Development key to protecting human rights
- China slams false claim over 'ecological destruction' in South China Sea
- Multinationals committed to China
- Objection to cease
- Across China: Exhibition unveils rare masterpiece by ancient Chinese artist
- Xi Meets Dominican PM
- Hangzhou Xiaoshan International Airport opened a new direct route to Oceania
- U.S. urged to stop mistreatment of Chinese students