Georgieva highlighted that these measures, the measures taken by the body headed by Jerome Powell, were effective without leading the economy into a recession.
In summary, the IMF leader emphasized the importance of sensitive economic policies, the preservation of global integration and the management of crucial resources to face the economic and technological challenges that lie ahead.
For the managing director of International Monetary Fund, Kristalina Georgievaabout the current economic situation in the United States is optimistic, focused on a “ soft landing“Thanks to the decisions of the Federal Reserve to control inflation.
In this context, Georgieva highlighted that these measures, the measures taken by the organization in charge of Jerome Powell, were effective without pushing the economy into a recession, which has generated positive expectations. His words come from an interview with Christiane Amanpour on CNN International.
The decline in both inflation and the labor market in the US after a cycle of interest rate hikes has raised hopes to avoid a deep recession and has raised the possibility of reducing rates this year. According to the views of different international analysts, rates could begin to be reduced as of March.
Georgieva and a possible return to the presidency of Donald Trump
Georgieva highlighted the importance of those responsible for monetary policies provide support to those affected by globalization to avoid fostering resentment and isolationism. When asked about Donald Trump’s electoral prospects in 2024 and the eventual return of his protectionist trade policies, he warned of the risk of not helping those impacted by these changes.
In your opinion, there is the possibility of a general setback against global economic integrationwhich is considered an essential factor for the enrichment and security of all.
Regarding the growing rivalry between the United States and China, The IMF warns about the economic damage that could result from fragmentation, estimating a possible loss of up to 7% of global gross domestic product. Georgieva emphasized the threat posed by the lack of access to minerals essential for the green technologies of the future, which could severely impact competitiveness in a constantly changing global economy.
In summary, the IMF leader emphasized the importance of sensible economic policiesthe preservation of global integration and the management of crucial resources to face the economic and technological challenges that lie ahead.
Source: Ambito
