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Georgieva warns of the risk of a global recession and rising debt

Georgieva warns of the risk of a global recession and rising debt

She said Georgieva In a press conference during the annual meetings of the Fund International Monetary The World Bank in Washington says the result is an increasing state of dissatisfaction among people.

The meetings are overshadowed by the imminent US presidential election on November 5, with the possibility that it will bring back Americans who have been harmed by… Inflation High during the administration of Democratic President Joe Biden Republican candidate Donald Trump To the White House, which heralds the beginning of an era of policies commerce Protectionism And trillions of dollars US debt New.

Georgieva said yesterday, Thursday, that dissatisfaction is not limited to the United States, although… Global economy Showed some resilience in the face of threats from wars and weak demand ChinaAnd the late repercussions of tight monetary policy.

“For most of the world, a soft landing is on the horizon, but people are not satisfied with the economic future,” Georgieva said, referring to the scenario of taming high inflation without entering a painful recession or major job losses. “Everyone I asked here, how is your economy?” “The answer is good. How are your people doing? The answer is not good. Households are still suffering from high prices, and global growth is weak.”

And issued International Monetary Fund Tuesday new economic forecasts show global GDP growth will decline slightly by 2029 to 3.1 percent from 3.2 percent this year, well below its 2000-2019 average of 3.8 percent, as current US power recedes.

It also prevailed in meetings International Monetary Fund The World Bank also has other concerns about the worsening war in the Middle East.

Georgieva stated that the escalation of the conflict may increase the indirect effects on the economies of the region, including Egypt, which reached an agreement with the Fund earlier this year to increase the loan program provided to it from three to eight billion dollars.



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