Arab Today, arab today imf worried about sustained slow global growth
Last Updated : GMT 23:12:04
Arab Today, arab today
Arab Today, arab today

IMF worried about sustained slow global growth

Arab Today, arab today

Arab Today, arab today IMF worried about sustained slow global growth

Managing Director Christine Lagarde
Washington - AFP

IMF chief Christine Lagarde warned Thursday that the global economy could be sinking into a prolonged period of "mediocre" growth which could endanger efforts to bring down unemployment worldwide.
Lagarde said that the world's economy has weakened in the past six months, despite the efforts of leading central banks to boost activity with ultra-low interest rates.
And she warned that the Ukraine crisis, the deadly Ebola outbreak in West Africa, and Middle East turmoil posed additional threats to the world's economy.
Without more active stimulus from governments themselves, the managing director of the International Monetary Fund said, there is "the risk that the world could get stuck for some time with a 'mediocre' level of growth."
That imperils efforts to bring down the number of unemployed worldwide, some 200 million people, including 75 million youth.
"Six years after the financial crisis began, we see continued weakness in the global economy. Countries are still dealing with the legacies of the crisis, including high debt burdens and unemployment," she said in a speech at Georgetown University in Washington, according to the prepared text.
"If people expect growth potential to be lower tomorrow, they will cut back on investment and consumption today.
"This dynamic could seriously impede the recovery, especially in advanced economies that are also grappling with high unemployment and low inflation. This is the case for the euro area."
Lagarde said the IMF is forecasting "only a modest pickup"  for next year, and that governments need to do more, with better-targeted spending and "growth-friendly" reforms.
In addition, more public investment in infrastructure would improve economies, acting as "a powerful impetus for growth and jobs."
"The world needs to aim higher and try harder, to do it together," she said.

 

arabstoday
arabstoday

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today imf worried about sustained slow global growth Arab Today, arab today imf worried about sustained slow global growth

 



Arab Today, arab today

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today imf worried about sustained slow global growth Arab Today, arab today imf worried about sustained slow global growth

 



Arab Today, arab today France defies terrorism through tourism

GMT 15:18 2017 Saturday ,20 May

France defies terrorism through tourism
Arab Today, arab today Mai Al-Jeddawi presents décor ideas for Ramadan
View News in Arabic - Business: اقتصاد دولي
Arab Today, arab today
Arab Today, arab today

GMT 09:49 2017 Tuesday ,02 May

Girl barred from Malaysia chess competition

GMT 17:59 2017 Monday ,12 June

Designer Rania Adel reveals her new collection

GMT 08:48 2017 Saturday ,06 May

Climate science: Bad news gets worse

GMT 16:25 2017 Sunday ,04 June

“Suhoor” is basic meal for fasting

GMT 06:31 2015 Thursday ,04 June

Pluto's unruly moons

GMT 11:09 2017 Sunday ,25 June

HUAWEI P10 the ‘guru’ of portrait shots
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday