The global economy has been in a turbulent state for a long time, experiencing shock after shock, and the start of 2023 will be “another difficult year,” said Kristalina Georgieva, head of the International Monetary Fund (IMF), at the Boao Asian Forum.
According to the IMF forecast, global GDP growth will fall below 3% due to the conflict in Ukraine and the tightening of monetary policy. To solve the problem, the head of the fund suggested relying on solidarity and cooperation. At the same time, Georgieva recalled that due to China’s integration into the world economy, more than 800 million people in the country escaped from poverty. Over the past four decades, the world economy has tripled, and developing countries have been the main beneficiaries – their economies have quadrupled, she stressed.
Georgieva noted at the same time that in the conditions of high interest rates and the depreciation of many currencies, the debts of the countries of the world pose a particular danger, and called for the development of effective mechanisms to resolve the issue.
Source: Rosbalt
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