jeudi 16 avril 2015
IMF Survey : Lift Tomorrow’s Growth For Better Economic Future—Lagarde
Posted on 16:48 by nice news
Current growth in the global economy is simply not good enough to reduce high unemployment, bolster middle-class incomes, and drive poverty reduction, IMF Managing Director Christine Lagarde said.
Speaking at a news conference ahead of the 2015 IMF–World Bank Spring Meetings in Washington, she said a better economic future depended on lifting today’s growth, lifting tomorrow’s growth, and working together.
Lagarde noted that the IMF’s updated forecasts project the global economy to grow this year at 3.5 percent—about the same rate as last year—and to grow slightly faster at 3.8 percent next year.
“So the good news is that the global recovery continues. The not-so-good news is that growth remains moderate and uneven,” Lagarde told reporters. Participants at the Spring Meetings would be discussing how to prevent this “new mediocre” becoming the “new reality,” she stated.
“To get it good, it needs to get better,” Lagarde declared. Policymakers could start by lifting today’s growth, Lagarde said. Measures should include
• A package of demand-support policies that is tailored to specific situations and includes accommodative monetary policy where it is needed, tightening of monetary policy where it is possible, and smart fiscal policies;
• Addressing financial stability risks emanating from super-low interest rates, volatile commodity prices and exchange rates, and the potential rise in U.S. short-term interest rates; and
• Stronger financial
Speaking at a news conference ahead of the 2015 IMF–World Bank Spring Meetings in Washington, she said a better economic future depended on lifting today’s growth, lifting tomorrow’s growth, and working together.
Lagarde noted that the IMF’s updated forecasts project the global economy to grow this year at 3.5 percent—about the same rate as last year—and to grow slightly faster at 3.8 percent next year.
“So the good news is that the global recovery continues. The not-so-good news is that growth remains moderate and uneven,” Lagarde told reporters. Participants at the Spring Meetings would be discussing how to prevent this “new mediocre” becoming the “new reality,” she stated.
“To get it good, it needs to get better,” Lagarde declared. Policymakers could start by lifting today’s growth, Lagarde said. Measures should include
• A package of demand-support policies that is tailored to specific situations and includes accommodative monetary policy where it is needed, tightening of monetary policy where it is possible, and smart fiscal policies;
• Addressing financial stability risks emanating from super-low interest rates, volatile commodity prices and exchange rates, and the potential rise in U.S. short-term interest rates; and
• Stronger financial
IMF Survey : Lift Tomorrow’s Growth For Better Economic Future—Lagarde
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