Twitter

Facebook

Youtube

RSS

Hindi News | Samay | UP/Uttarakhand | MP/Chhattisgarh | Bihar/Jharkhand | Rajasthan | Aalami Samay
  Rashtriya Sahara Roznama Sahara
World economy witnessing 'cheerful spring': IMF chief
Last Updated : 13 Apr 2017 09:21:50 AM IST
File photo: The International Monetary Fund chief Christine Lagarde
File photo: The International Monetary Fund chief Christine Lagarde
 

The International Monetary Fund (IMF) chief Christine Lagarde said the world economy is witnessing a cheerful "spring", but warned "sword of protectionism" would overshadow trade outlook.

After six years of "disappointing" growth, the world economy is gaining momentum, Lagarde said on Wednesday while addresing an event organised by Brussels-based think tank Bruegel.

According to the IMF chief, for advanced economies, the outlook had improved with stronger manufacturing activity, this upswing was broad-based across countries, including in Europe, although some countries still faced high debt and weaknesses in some banks, Xinhua news agency reported.

The prospects for emerging and developing economies also boded well for global growth, Lagarde said, adding that they have driven the global recovery in recent years and would continue to contribute more than three-quarters of global gross domestic product (GDP) growth in 2017.

"We see a global economy that has a spring in its step, benefiting from sound policy choices in many countries in recent years," Lagarde said.

Her remarks came a few days ahead of the IMF's scheduled release of world economic outlook as well as the Fund's spring meeting when finance ministers and central bankers were expected to meet and discuss world economy in Washington.

"At the same time, there are clear downside risks," Lagarde warned.

"Restricting trade would be a 'self-inflicted wound' that disrupts supply chains, hurts global output, and inflates the prices of production materials and consumer goods," she added.

The IMF chief urged joint efforts to bolster global trade as it promoted innovation-sharing and encouraged firms to invest in new technologies and more efficient business practices.

"Let's build a more resilient and inclusive global economy with sound policies and strong international cooperation," she added.



IANS
For Latest Updates Please-

Join us on

Follow us on


What binds the two most talked about nations - India and Pakistan together? What makes the

Actor-turned-politician and Trinamool Congress’ celebrity legislator from Chandipur Asse

LG Electronics Inc said on Wednesday that it will introduce new C with its artificial inte

 

Samay Live
Samay Live
Samay Live
Samay Live
Samay Live
Samay Live
Samay Live
Samay Live

172.31.16.186