IMF chief: Global economy facing turbulent times
The International Monetary Fund has announced that troubling times are approaching for the global economy.
IMF Managing Director Kristalina Georgieva made this statement on October 24 at a press conference in Washington.
The words of the fund's director are quoted by TASS .
What the IMF said about troubling times for the global economy
Georgieva warned that the global economy risks becoming stuck on a path of high debt and slow growth.
According to the head of the IMF, this will lead to a decrease in incomes and a reduction in the number of jobs.
These are troubling times, the foundation’s director stated.
She noted that the IMF program is designed to ensure a soft landing and exit from the era of high debt and slow growth.
To achieve this, according to Georgieva, it is necessary to return inflation to the target indicator and gradually restore fiscal buffers in most countries.
The IMF chief also called on countries to carry out reforms in the interests of growth.
According to the IMF's latest Fiscal Monitor report, global public debt will exceed $100 trillion this year, reaching 93% of global GDP.
