The IMF director-general says that despite good global economic data, there is still plenty to worry about as divergences between countries are “widening” and the poorest countries “remain further away”.
“Despite numerous shocks and difficult financial conditions, growth is firmly in positive territory and we have slightly raised our forecasts for this year to 3.2%. However, there is something to worry about,” International Monetary Fund chief Kristalina said. Georgieva at a press conference.
The International Monetary Fund (IMF) and the World Bank (WB) hold their spring meetings this week, and Georgieva’s organization has updated its global growth forecasts by another tenth of a percentage point, to 3.2%, despite geopolitical tensions caused by the wars in Ukraine and in the Gaza Strip. and growing fragmentation of trade.
For 2025, the IMF maintains its previous forecasts and predicts that the economy will also grow by 3.2%, while in the medium term, over five years, it will grow by about 3.1%, the lowest value in decades.
This situation, according to Georgieva, is due to a “general slowdown in productivity” in a context in which “disparities within and between groups of countries are widening and the poorest countries are falling further behind.”
“In a world where crises continue to arise, countries urgently need to develop their capacity to cope with crises,” said the Bulgarian economist.
Author: Lusa
Source: CM Jornal
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