Global economic growth remains “insufficient” to make the scars of the crisis, so this period of “mediocrity” threatens to become the “new reality” warned the managing director International Monetary Fund (IMF), Christine Lagarde.
Lagarde said the global growth in 2014 was 3.3%, is “moderate, uneven and in many parts does not feel”.
“is not that global growth is bad. Rather it is that, given the lingering impact of the crisis on people, growth is simply not good enough”, added in a speech at the study center Atlantic Council in Washington, as a preamble to the spring meeting of the agency and the World Bank (WB) held next week.
Six years after the outbreak of the financial crisis, he said, the economic risks have been reduced in advanced economies, and moved to emerging economies, among which cited the weakness of Russia and Brazil.
“Advanced economies are behaving slightly better than last year. The recovery is taking hold in the US and the UK, “said Lagarde, who described as” promising “prospects for recovery in the euro area.
In contrast, said that” the outlook for the Emerging economies are slightly worse than last year, with the low prices of raw materials as one of the main causes. “
In them, he drew a mixed picture with Brazil” stuck “and Russia facing” difficulties “, while India accounts for” highlight “and China is” slowing down “but consolidating a growth model” more sustainable “.
Therefore, stressed the importance for the authorities to implement reforms structural to promote trade openness and investment in infrastructure, among others.
“Frankly, in too many countries, these reforms are delayed,” Lagarde said.
He also urged developing countries to take advantage of low oil prices to “reduce energy subsidies” and to use these resources in more favorable to growth investments such as education and health.
ASIAN INVESTMENT BANK INFRASTRUCTURE
In his speech, the former Minister of Finance of France said financial risks have migrated to emerging markets and warned of possible “surprises” before the anticipated rise in interest rates by the Federal Reserve (Fed) of the United States.
He also referred to the creation of ADB Investment in Infrastructure (AIIb, in English), promoted by China, on which Washington has expressed his doubts.
Lagarde welcomed the new development instrument he called a “great initiative” and “reflection of the new global economic landscape” with the growing economic weight of Asia.
Once again stressed the need for the US Congress to ratify the reform of IMF quotas, which will increase the voice of emerging economies in the institution founded in 1944 .
On Tuesday, the Fund shall, at the beginning of the spring session organized with the BM, updated forecasts header in its report “Global Economic Prospects”.
The meeting, which runs until Saturday April 18, will be attended by most finance ministers and central bank governors of the 188 member countries of the body.
EFE
YOU MAY CONCERN:
Hillary Clinton officially announced his candidacy for the Democratic Party to compete in the elections of 2016 and become, to achieve this, the first woman to reach the US Presidency
Posted by RPP News on Sunday, April 12, 2015
No comments:
Post a Comment