(Tiper Stock Exchange) – The International Monetary Fund forecasts a deceleration of global growth to 2.7% on the whole of this year, but at the same time the director Kristalina Georgieva noted that “since the beginning of the year we have seen good news”, while the expansion dynamic is expected to reach a minimum in the coming months for then start recovering.
“Three significant challenges will soon arrive – said Georgieva during a panel of the World Economic Forum in Davos – the first is the war that continues. And as long as it continues it damages confidence. The second is the cost of living and the inflation generated by various factors , which is peaking. The third factor is high interest rates, which will inevitably contribute to the slowdown in growth”
“When the population of a country supports policies that are to their detriment, there is something to think about”, said Georgieva on the topic of what lessons to draw from the Russo-Ukrainian war. If there is one mistake that has been made, according to the director of the IMF it was not to do more so that the Russians felt part of the European family.
“Now they feel something else,” he noted during a panel at the World Economic Forum in Davos. Looking ahead “the sooner we manage to define a negotiating space for this horrible war to end, the better it will be for everyone. And of course for the global economy“, he concluded.
The President of the EU Commission also spoke about the conflict in Ukraine. “There will be no impunity against these crimes,” she said in Davos. “Not even Russia’s relentless attacks on civilians, or the specter of a brutal winter, have made your resolve waver,” von der Leyen said addressing the Ukrainians. “In the last year, your country has moved the world and inspired all of Europe” whose countries today “are supplying Ukraine with increasingly basic armaments” and host “about four million Ukrainians in our cities, in our homes and in our schools”