30 May 2023 / 13:10
IMF warns of risks to global financial stability
The head of the International Monetary Fund called for greater vigilance over the global financial system during a speech in China on Sunday in which she also pointed to “green shoots” emerging in the world’s second-largest economy.
“Risks to financial stability have increased,” IMF Managing Director Kristalina Georgieva said during remarks at the China Development Forum in Beijing.
Georgieva lauded how policy-makers had acted swiftly in response to the banking crisis, citing the recent collaboration by major central banks to boost the flow of US dollars around the world.
“These actions have eased market stress to some extent,” she said. “But uncertainty is high, which underscores the need for vigilance.”
Georgieva said Sunday that the IMF was continuing to watch the situation, and assess potential implications for the global economic outlook.
Meanwhile, she reiterated an IMF projection that the world economy will see growth slow to just under 3% this year, due to continued fallout from the pandemic, the conflicts and tighter monetary policies. That’s compared to the historic average of 3.8%, according to Georgieva, and down from 3.2% in 2022.
But she also pointed to the emergence of “green shoots” in China, where the IMF expects the recently reopened economy to expand by 5.2% this year. That’s roughly in line with Beijing’s official target of 5%.
Source - vesnikkavkaza.net
Latest newsLatest newsGeorgia chooses between U.S. and its national interests
26 May 2023 / 13:37
Armenia-Azerbaijan talks remain a priority for U.S. – State Department
26 May 2023 / 13:31
Parties agreed to meet in week following results of trilateal meeting in Moscow
26 May 2023 / 13:20
Skirmish between Nikol Pashinyan and Ilham Aliyev at the meeting of the Supreme Eurasian Economic Council (SEEC)
26 May 2023 / 13:16
Two documents to be signed following Aliyev-Pashinyan Moscow meeting
25 May 2023 / 11:14
President Ilham Aliyev arrives in Russia on working visit
25 May 2023 / 11:09
Azerbaijan-Armenia: Amid Today's Moscow Meeting, U.S. Says, Supports Direct Talks 'Anywhere In The World'
25 May 2023 / 11:01
Armenia PM arrives in Moscow on working visit (PHOTOS)
25 May 2023 / 10:54
U.S. offers Armenia its nuclear power plants
24 May 2023 / 14:09
NATO's Javier Colomina hails 'good' meetings in Yerevan
24 May 2023 / 14:05
G7 Leaders Signal Strong Stance on Russia, Emphasize Concerns about China
24 May 2023 / 14:00
US submits proposals to Armenia, Azerbaijan regarding resolution of controversial issues
24 May 2023 / 13:54
How Russia and Iran to implement Resht-Astara construction?
23 May 2023 / 14:28
U.S. Investigates Reports Of Vandalism At Turkish House in New York — State Department
23 May 2023 / 14:24
Robert Kocharyan responds to Karabakh parliament majority: Did you just now realize what is happening?
23 May 2023 / 14:16