Your current location:HOME >politics >‘Robust' US has helped improve global economic outlook, IMF chief says 正文
TIME:2024-05-21 13:30:53 Source: Internet compilationEdit:politics
Washington —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.
Biden says Brown v. Board of Education ruling was about more than education2024-05-21 13:29
Paris crowns a new king of the crusty baguette in its annual bread2024-05-21 13:27
Kim Kardashian joins Kamala Harris to discuss criminal justice reform2024-05-21 13:01
Stuttering and bad2024-05-21 12:49
Medics remove 150 MAGGOTS from a woman's mouth after dental procedure left her with rotting tissue2024-05-21 12:13
Philippine police kill an Abu Sayyaf militant implicated in 15 beheadings and other atrocities2024-05-21 11:58
Adult film star Adam22 warns Kanye West NOT to put wife Bianca Censori in new Yeezy porn2024-05-21 11:58
Japan's Kozuma takes a 1st2024-05-21 11:51
Georgia Republicans choose Amy Kremer, organizer of pro2024-05-21 11:20
These are the countries where TikTok is already banned2024-05-21 11:00
Nadal returns to Roland Garros to practice amid doubts over fitness and form2024-05-21 12:51
Average long2024-05-21 12:24
Polish and Lithuanian leaders oversee military drills along their shared border2024-05-21 12:16
A Russian journalist has been detained for posts criticizing the military, his lawyer says2024-05-21 11:55
Mystery artist who erected signs comparing pothole2024-05-21 11:44
Wetherspoons adds exciting dishes inspired by global cuisine in a major menu shake2024-05-21 11:30
Bevy of defensive playmakers are available in Round 2 of the NFL draft after historic offensive run2024-05-21 11:21
Lady Victoria Hervey dons chic monochrome ensemble as she visits an art exhibition in London2024-05-21 11:18
Election 2024: Biden and Trump bypassed the Commission on Presidential Debates2024-05-21 10:55
Laura Woods wows in a black figure2024-05-21 10:46