The world is in danger of being affected by the situation of low growth and high level of foreign exchange And, as a result, in order you will lose fewer resources to reduce opportunities for your population and increase problems. The result is dissatisfaction among the population.
This was stated by the head of the IMF, Kristalina Georgieva, RBC-Ukraine reports that she was sent to a press conference during the recent meetings of the IMF and the World Bank in Washington.
“We understand that the world economy will grow by 3.2% over the period and will reach 3.1% over the course of five years. This is the lowest average forecast for the decade,” she said.
Yak Georgieva noted that growth is being lost in positive territory, and interest rates are decreasing.
“For most parts of the world, the landing is just around the corner. Other people don’t feel good about their economic prospects. Everyone I feed here, like your economy, is good. Like the mood of your people, it’s not .Sim “As before, they suffer from high prices and weaker global growth,” added the head of the IMF.
In other words, trade is no longer a strong driver of growth, and we live in greater fragmentation World's economy.
“At this time, the sovereign borg is on track to transfer 100 trillion dollars to the government, which is a historical maximum and is equivalent to 93% of the world's GDP.
IMF oh, By 2030 we hope that this figure will approach 100% of GDP.
“The world's economy risks getting stuck in a situation of low growth and high income. This means lower income and fewer workers. This also means lower income for the workforce, and therefore less investment for families and the fight against long-term problems, such as climate change, are alarming. hours,” she said.
Ways of top problems
Georgieva noted that the IMF's daily routine focuses on two priorities: ensuring soft landing and Virvatis from the low growth and high borgu
In these words, first of all, it is necessary to ensure that inflation returns to the target level. “Major central banks, including the United States, have rightly started to go downhill. Now the main thing is to end the work with inflation, without causing unnecessary harm to the market,” she said.
In other words, now it’s time to fight against the shortage. Following the numerous fates of such necessary fiscal support, it is now time to renew fiscal buffers. In most countries, it is possible to work step by step, but it is necessary to start immediately, Georgieva said.
“The third and most important thing is that the countries carry out reforms to accommodate growth, such as speeding up the bureaucratic dragging management “They believed that the reforms would bring significant benefits to all countries. Our analysis shows that the reforms can push up the production rate to 8% in 4 countries that are developing,” she said. Georgieva.
Guess what, in 2024 the IMF has updated its forecast that the world economy will continue to grow at 3.2% in 2024 and 2025, at the same rate as in 2023 i (3 .3%). The average growth rate over five years will rise to the “average” 3.1%, which is significantly lower than the pre-pandemic trend for 2000-2019 of 3.8%.
In addition, according to the IMF forecast, global the sovereign borg to transfer 100 trillion dollars to his fate. At current rates, the growth of light industry to GDP will approach 100% by the end of the decade, past the peak of the pandemic.