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Frédéric Remouchamps / Keops
"Improved compared to expectations, but not meeting the standards," she replied when inquired about the situation's changes in the last six months.
She stated that global economic growth is "relatively steady." Nonetheless, the IMF predicts a steady deceleration: decreasing from 3.3% last year to 3.2% this year and 3.1% next year.
Georgieva remarked that this is more favorable than they anticipated and superior to their projections from six months prior. In April, the IMF predicted a global economic expansion of 2.8% for 2025, and in July, it raised that estimate to 3%.
She believes the private sector has shown impressive adaptability in addressing challenges, including issues concerning supply chains and trade conflicts.
Simultaneously, Georgieva remarked that the worldwide economic forecast is not promising. The forecast for global GDP growth in the medium term continues to be weak, public debt is near a historic peak and is still increasing, and the economy itself is facing significant imbalances, she clarified.
The head of the IMF urged member nations to back international trade as a driver of worldwide economic development.
source: reuters.com
She stated that global economic growth is "relatively steady." Nonetheless, the IMF predicts a steady deceleration: decreasing from 3.3% last year to 3.2% this year and 3.1% next year.
Georgieva remarked that this is more favorable than they anticipated and superior to their projections from six months prior. In April, the IMF predicted a global economic expansion of 2.8% for 2025, and in July, it raised that estimate to 3%.
She believes the private sector has shown impressive adaptability in addressing challenges, including issues concerning supply chains and trade conflicts.
Simultaneously, Georgieva remarked that the worldwide economic forecast is not promising. The forecast for global GDP growth in the medium term continues to be weak, public debt is near a historic peak and is still increasing, and the economy itself is facing significant imbalances, she clarified.
The head of the IMF urged member nations to back international trade as a driver of worldwide economic development.
source: reuters.com
