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International Monetary Fund (IMF) Managing Director warnsOnlineslotsrealmoneyCountries should address the problems of persistent inflation and high global debt levels, otherwise global economic growth could remain sluggish this decade.
The managing director of the International Monetary Fund (IMF) has warned of high inflation and high debt.
IMF President Kristalina Georgieva said in a speech in Washington on Thursday, April 12 that IMF plans to slightly raise its forecast for global economic growth in its upcoming report on April 16.
At the same time, however, she warned that the inflation problem had not been completely solved, that the debt levels of most countries were too high, and that without policy adjustments, the world would usher in a slow and disappointing decade of growth.
Georgieva stressed that the IMF's medium-term forecast for global economic growth is still well below the historical average and is expected to be just above 3 per cent. She called on central banks to avoid loosening monetary policy too early or too late, which could trigger new inflationary surprises or adversely affect economic activity.
"the Fed is acting cautiously," she said. " She also mentioned that the Biden administration is considering measures to prevent the economy from overheating. She also warned that a long-term strong dollar could affect global financial stability.
She suggested that countries should commit themselves to reducing debt to sustainable levels and promoting productivity growth through green and digital transformations.
Her remarks came ahead of IMF's upcoming spring meeting with the World Bank next week. Some media pointed out that Georgieva is expected to win the second five-year term of president of IMF.
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