- Analytics
- News and Tools
- Market News
- International Monetary Fund: global recovery weakened further
International Monetary Fund: global recovery weakened further
The International Monetary Fund (IMF) released its report "Global Prospects and Policy Challenges" prepared for the G20 summit. The IMF said that global recovery weakened further due to increasing financial turbulence and falling asset prices.
"Growth in advanced economies is modest already under the baseline, as low demand in some countries and a broad-based weakening of potential growth continue to hold back the recovery," it said.
"Adding to these headwinds are concerns about the global impact of China's transition to more balanced growth, along with signs of distress in other large emerging markets, including from falling commodity prices," the fund added.
The report said that the global economy was "highly vulnerable to adverse shocks".
The IMF noted that G20 countries should coordinate their stimulus measures to boost the global economy.
The IMF cut its global growth forecast in January to 3.4% from 3.6%. The fund pointed out that further cut is possible in April.
© 2000-2024. All rights reserved.
This site is managed by Teletrade D.J. LLC 2351 LLC 2022 (Euro House, Richmond Hill Road, Kingstown, VC0100, St. Vincent and the Grenadines).
The information on this website is for informational purposes only and does not constitute any investment advice.
The company does not serve or provide services to customers who are residents of the US, Canada, Iran, The Democratic People's Republic of Korea, Yemen and FATF blacklisted countries.
Making transactions on financial markets with marginal financial instruments opens up wide possibilities and allows investors who are willing to take risks to earn high profits, carrying a potentially high risk of losses at the same time. Therefore you should responsibly approach the issue of choosing the appropriate investment strategy, taking the available resources into account, before starting trading.
Use of the information: full or partial use of materials from this website must always be referenced to TeleTrade as the source of information. Use of the materials on the Internet must be accompanied by a hyperlink to teletrade.org. Automatic import of materials and information from this website is prohibited.
Please contact our PR department if you have any questions or need assistance at pr@teletrade.global.
Bank transfers
