The head of the International Monetary Fund (IMF), Christine Lagarde, recently announced a new wave of financial crisis that would include worldwide. "Risks to global financial stability are growing," said the French on Thursday in Washington.
Problems, first of all, can cause low rates or even negative ones, as well as dramatic fluctuations in the exchange rate, transmits LINDAR.
"The world economy is growing more slowly," Lagarde said in a speech, keeping the focus on the meeting of the IMF to be held next week.
Gross Domestic Product globally this year will grow just as fast as n 2014, when plus registered at the level of 3.4 percent.
"Global economic growth will proceed, but it will recognize layers and uneven growth sectors" - she said.
While the countries most vulnerable to the crisis, it provides that will be Russia, Brazil and the Middle East. Development in major global economies like the US and UK will be satisfactory even recognize eurozone will rise, but the situation in some developing countries and developed, will recognize "bad days". First of all, Russia, Brazil and many Middle Eastern countries will face economic problems. India, China and African countries, regions south of the Sahara, will have a more stable condition.
"Policies tempting to absorb money in the Eurozone and Japan, will be a boon to economic development," said Lagarde, but brings with it risks. "It requires more tolerance for investors. This can lead to overheated scholarships. "
She has advised that governments should not abandon reforms
"Strong Fluctuations in foreign exchange would be a risk beyond them separately for those countries that have large amounts of debt in foreign currency," Lagarde said. First of all developing countries who suffer from lower prices of raw materials and should be intimidated potential growth rates for loans may fall due to the difficulty.
"Risks can be treated individually, but we have to be ready to encounter a structural setback liquidity (ie, withdrawal of capital)", said Ms Lagarde. Governments must therefore insist on continued reforms and strict rules to attract capital and prevent excessive risk willingness to investors.
Among other things, the IMF chief said that "today what we need to do is to avoid that new mediocrity return to 'a new reality'". Ms. Lagarde said during his address before the organization Atlantic Council next week, which is held every six months between the IMF and World Bank that "the whole space and political levels to be put into use".
While global growth is barely knows an average growth comparable to that of the past three decades, Ms. Lagarde said that it is not enough to overcome only high rates of unemployment, debt and credit barriers and stagnation in some of the largest economies the world.
To maintain long-term stability of the world economy, Ms Lagarde said the global powers should strengthen policy forums that enable the construction of the international financial architecture.
And Ms Lagarde also signaled that it might support the inclusion of the Chinese yuan in the basket reserves of IMF.
0 comments:
Post a Comment