Thursday, September 1, 2016

The International Monetary Fund warns of “weak global growth” and urged the G20 to take action – iprofesional.com

Monetary Fund International (IMF) probably cut again their estimate on the growth economy world in 2016 because the picture has been impacted by weak demand, low trade and investment and growing inequality, said the head of the agency, Christine Lagarde.

the IMF managing director said that the leaders of G-20 need to take more action encourage demand , drive business and globalization and combat inequality .

And although some of the greatest threats to Global economy concretad have or as a recession generated by the decision of the UK to leave the European Union or a sharp slowdown in China, Lagarde said the big picture cast “a slight declining growth , which is fragile , weak and certainly not being underpinned by trade “.

” We could say that the ‘ Brexit is not causing the enormous crisis we expected, we can say that the Chinese transition is carried out reasonably well and that prices of raw materials have gone up a bit “said the official in an interview with Reuters. “But this is the surface,” he added.

“But when you analyze in depth the prospects of economic growth , the level of potential for expansion, productivity, ‘re not getting good signals and probably have to revise downwards our forecasts for growth in 2016, “he said.

the IMF plans review your estimate World Economic Outlook to start October , before beginning their annual meetings. A new cut could be the sixth consecutive decline projected expansion in about 18 months.

In July, the IMF said to uncertainty caused by the ‘ Brexit ‘ as one of its arguments reduce your estimate growth GDP in the world to 3.1% this year and 3.4% in 2017.

economic impact Total by the crisis of the ‘ Brexit ‘ probably will not be charged until 2017 , when the future relations between the UK and the EU, Lagarde said, are defined, but stressed that the heritage British already has been eroded by the decline of 15 percent in the value of sterling and a decline in confidence.

Lagarde said she tells the G-20 they meet on Sunday and Monday in the Chinese city of Hangzhou that their populations may be adversely affected by further reductions in the growth potential and more obstacles to free movement, services, capital and persons.

added the people affected with the business and innovation need help to enable them recover and purchase new job skills .

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