WASHINGTON, United States. The managing director of International Monetary Fund (IMF), Kristalina Georgieva, highlighted the “resilience of the global economy”, driven by the good performance of the United States.
In his traditional speech launching the spring meetings of the IMF and the World Bank (WB), which will be held from Tuesday in Washington, Georgieva was pleased to see a “relatively more solid” world economy than expected.
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“Global growth is slightly stronger due to robust activity in the US and many emerging market economies,” he said.
The US economy grew 2.5 percent last yearaccording to official figures, surpassing other advanced economies.
“Robust household consumption and business investment, and a reducing supply chain problems helped”Georgieva added. “And inflation is falling, faster than expected.”
The IMF will publish next Tuesday its world economic outlook reportwith growth forecasts updated country by country.
The statements of Georgieva suggest that the IMF expects the world economy to grow more than it had predicted in January, when he predicted an advance of 3.1 percent by 2024 and 3.2 percent by 2025.
“We have avoided a global recession and a period of stagflation,” the directive stated, referring to the combination of high inflation and stagnation.
But there are still many things to worry about
Georgieva stated that To improve in the future, it will be necessary to develop “good policies”in particular by combating “inflation and debt and promoting transformation of the economy to increase the productivitythe inclusion and the lasting growth”.
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About interest rates, which rose almost everywhere in the world and in the United States in particularGeorgieva praised the progress in this matter thanks to “good decisions” of monetary policy, but insisted that there is still some way to go. He warned central bankers that they must “resist calls to lower interest rates too soon.
Georgieva will end her term in September and is the only candidate proposed for the position. The nomination process will end by the end of the month.