A discussion of the slowing global economy took place in Washington at a press conference during the spring session of the governing bodies of the Fund and the World Bank.
The IMF chief commented in response to US Treasury Secretary Janet Yellen, who was overshadowed by negative IMF reports.
“Global economic growth of 2.8% is not enough to open up opportunities for businesses and people around the world. And most worrying is the weak economic growth projected over a longer period,” says fund manager Kristalina Georgieva.
According to Georgieva, globalization has not played into the hands of all countries, namely those that have been excluded from the global process and that have not received due attention have suffered.
In order to avoid the outbreak of a cold war, the director of the IMF proposed to ensure the “security of supply” and “the reliability of the operation of their global chains”.
According to statements by the former head of the Ministry of Finance Mikhail Zadornov, the world economy is in crisis for the first time since 2008.
IMF chief Georgieva’s post about global recession fears first appeared on Trending Articles.
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