Current location:International Imagery news portal > politics
‘Robust' US has helped improve global economic outlook, IMF chief says
International Imagery news portal2024-04-30 03:47:34【politics】8People 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.
Address of this article:http://ghana.antjekoch.com/content-57e599938.html
Very good!(3754)
Related articles
- UN human rights chief condemns killings of women and children in Rafah
- Firefighters in New Jersey come to the rescue of a yellow Labrador stuck in a spare tire
- NOT REAL NEWS: A look at what didn't happen this week
- Paris race celebrates waiters, waitresses who nourish city
- After a near
- Posts misrepresent a photo of a Ukrainian soldier balancing on his prosthetic limbs
- Video from 2022 misrepresented as footage of Baltimore bridge collapse
- Maker of defective sleep apnea devices ordered to overhaul manufacturing
- At least 15 killed in Israeli airstrikes on Rafah
- Voodoo doll, whoopie cushion, denture powder among bizarre trash plucked from New Jersey beaches
Popular articles
Recommended
Goodbye to Scotland's answer to Liz Truss: How Sturgeon's short
J&J to pump another $13B into its MedTech business with Shockwave deal
Captain of container ship that caused Baltimore bridge collapse is Indian, not Ukrainian
A new declaration in Mexico gives 19 cats roaming the presidential palace food and care fur
Chinese Language Day celebrated at UN with cultural exhibition
Fake Mossad account spreads misinformation about airstrike that killed aid workers in Gaza
Two bodies found in search for Sydney couple Jesse Baird and Luke Davies
Former world's oldest dog stripped of title
Links
- Rural Woman Painter Relishes Showing Her True Colors
- Scientific Team Contributes to Large Research Infrastructures for Country
- Erhu Virtuoso Showcases Chinese Culture, Music Charm at UN
- GLOBALink
- Rural Woman Painter Relishes Showing Her True Colors
- Peking Opera Veteran Brings the Art Form to Younger Audiences
- Reaping the Rewards of a Lifetime in the Fields
- Liu Ying Conducts Scientific Research Like Running Marathon
- Zheng Zhenxiang: A Life Dedicated to Archeology
- Ding Lanying: Helping Yi Women Embroider Bright Future