Legit.ng on Nostr: 'Robust' US has helped improve global economic outlook, IMF chief says ========== ...
'Robust' US has helped improve global economic outlook, IMF chief says
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International Monetary Fund managing director Kristalina Georgieva stated that strong growth in the United States has contributed to improving the global economic outlook. The US economy grew by 2.5 percent last year, outperforming most other advanced economies. Georgieva mentioned that robust household consumption, business investment, and an easing of supply chain problems were the contributing factors. She also noted that inflation is decreasing faster than expected. The IMF now expects the world economy to grow faster than previously predicted, with global growth projected to rise by 3.1 percent in 2024 and 3.2 percent in 2025. However, Georgieva highlighted challenges such as rising geopolitical tension, growing public debt, and a broad-based slowdown in productivity. To address these challenges, she called for steps to bring global inflation and public debt down to sustainable levels and to eliminate constraints to economic activity and boost productivity.
#Imf #GlobalEconomy #UsEconomy #EconomicGrowth #Productivity #Inflation
https://www.legit.ng/business-economy/economy/1587381-robust-helped-improve-global-economic-outlook-imf-chief-says/
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International Monetary Fund managing director Kristalina Georgieva stated that strong growth in the United States has contributed to improving the global economic outlook. The US economy grew by 2.5 percent last year, outperforming most other advanced economies. Georgieva mentioned that robust household consumption, business investment, and an easing of supply chain problems were the contributing factors. She also noted that inflation is decreasing faster than expected. The IMF now expects the world economy to grow faster than previously predicted, with global growth projected to rise by 3.1 percent in 2024 and 3.2 percent in 2025. However, Georgieva highlighted challenges such as rising geopolitical tension, growing public debt, and a broad-based slowdown in productivity. To address these challenges, she called for steps to bring global inflation and public debt down to sustainable levels and to eliminate constraints to economic activity and boost productivity.
#Imf #GlobalEconomy #UsEconomy #EconomicGrowth #Productivity #Inflation
https://www.legit.ng/business-economy/economy/1587381-robust-helped-improve-global-economic-outlook-imf-chief-says/