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- IMF’s Georgieva: Risks to financial stability have increased
IMF’s Georgieva: Risks to financial stability have increased
Speaking at the China Development Forum over the weekend, International Monetary Fund (IMF) Chief Kristalina Georgieva warned that “risks to financial stability have increased.”
Additional quotes
Urge for continued vigilance.
The actions taken so far by advanced economies have calmed market stress.
2023 would be another challenging year, global growth slowing to 2.9% due to the pandemic, the war in Ukraine, and monetary tightening.
Will improve in 2024, but still below historic average of 3.8%.
Overall outlook remained weak.
China's strong economic rebound, projected GDP growth of 5.2% in 2023, offered some hope for the world economy.
China expected to account for around one third of global growth in 2023.
Market reaction
Cautious remarks from the IMF head have little to no impact on the market, at the moment. The US S&P 500 futures advance 0.44% on the day to challenge the 4,000 level.
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