IMF Estimates Global Economic Recovery But Warns About Risks

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Washington, Oct 13 (Prensa Latina) The International Monetary Fund (IMF) today estimated that the global priority is to stabilize the economic recovery by adopting structural reforms to make growth sustainable, but warned about the risks of protectionism.

At the beginning of the fall meeting between the World Bank and the Fund, its managing director, Christine Lagarde, stressed that the entity rised at 0.1 percentage point its forecast for world growth in 2016 and 2017, a slight but clear recovery trend after the period of the financial crisis.

However, she warned about the risks of protectionist policies promoted by US President Donald Trump, and deemed that, on the contrary, greater efforts were needed to create world trade for the benefit of all.

Lagarde expressed concern about the increase in debts in the main economies of the world represented in the G20, due to the low interest rates promoted by the banks, which boosted the acquisition of credits.

She explained that in a scenario where markets are forecasting a tightening of monetary conditions in the US and Europe, the high level of indebtedness must be taken into account.

In another order, the head of the IMF urged a speedy conclusion of the exit process of the UK from the European Union to reduce anxiety and uncertainty about the future of people and companies in the country.

To this end, she recommended greater clarity in the negotiating schedule of the sides, and considered unimaginable that the two years of exchanges should go by without reaching an agreement.

Lagarde highlighted that British potential for economic expansion is damaged, and recalled that it is the only major EU bloc nations that did not upgraded its growth, which stands at 1.7 percent in 2017 and 1.5 percent by 2018.


This is source I found from another site, main source you can find in last paragraph

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