1. Text: | Print|

      IMF chief warns of prolonged subpar growth for global economy

      2014-04-03 09:03 Xinhua Web Editor: qindexing
      1

      The world economy is turning the corner of the great recession, but obstacles lie ahead to overcome low growth trap, said the International Monetary Fund ( IMF) chief on Wednesday.

      "Certainly the global economy has stabilized since the onset of the financial crisis, but the recovery is too weak for comfort," Christine Lagarde, managing director of the IMF, said in a speech at the School of Advanced International Studies of Johns Hopkins University in Washington, ahead of the 2014 IMF-World Bank Spring Meetings.

      "Moreover, unless countries come together to take the right kind of policy measures, we could be facing years of slow and sub- par growth -- well below the solid, sustainable growth that is needed to create enough jobs and improve living standards into the future," she said.

      Lagarde said the IMF projects modest improvements in 2014 and 2015 for the world economy, compared with the 3 percent growth rate in 2013, but the recovery would remain below past trends.

      She advised policymakers to be alert on short-term obstacles to sustained growth, including the potentially persistent low inflation period in the euro area, and the rise of geopolitical tensions as a result of Ukraine crisis, which she cautioned, could cloud the global economic outlook.

      "The situation in Ukraine is one which, if not well managed, could have broader spillover implications," she said.

      Emerging market economies also face challenges of rising corporate leverage and risks of heightened market volatility associated with the tapering of quantitative easing in the United States.

      Lagarde called for coordinated actions to address unemployment, high debt and fiscal uncertainty, warning that the costs of continued sluggish growth are high.

      She suggested that well-prioritized investment and inclusive labor market reforms would increase potential output and jobs. " Reforms to product markets and services can help break down vested interests, boost competition, and unleash huge growth and employment potential," she added.

      The IMF chief also expressed disappointment at the much-delayed implementation of the IMF 2010 quota and governance reform package, with the United States as major stumbling block.

      Lagarde said although U.S. Congress failed to ratify the reform package in its most recent bill, "it is not the end of the story." International cooperation will be high on the agenda next week during the Spring Meetings, she said.

      Comments (0)
      Most popular in 24h
        Archived Content
      Media partners:

      Copyright ©1999-2018 Chinanews.com. All rights reserved.
      Reproduction in whole or in part without permission is prohibited.

      主站蜘蛛池模板: 免费看男人j放进女人j免费看| 一个人看的www在线免费视频| 国产精品免费观看调教网| 亚洲精品国精品久久99热| 免费无毒a网站在线观看| 免费无遮挡无码永久在线观看视频| 麻豆亚洲av熟女国产一区二| 99精品视频在线观看免费播放| 亚洲人成在线影院| 91免费精品国自产拍在线不卡| 亚洲一级毛片免费在线观看| 中国在线观看免费高清完整版| 国产午夜亚洲精品国产| 国产精品免费电影| 视频一区在线免费观看| 亚洲性久久久影院| 久久国产乱子免费精品| 亚洲激情黄色小说| 破了亲妺妺的处免费视频国产| 青草青草视频2免费观看| 亚洲午夜精品久久久久久浪潮 | 激情婷婷成人亚洲综合| 免费国产一级特黄久久| 成人国产精品免费视频| 久久亚洲精品成人AV| 久久久久久国产精品免费免费| 亚洲JLZZJLZZ少妇| 亚洲最大激情中文字幕| 中文免费观看视频网站| 亚洲人成网站免费播放| 中文字幕精品亚洲无线码一区| 一级毛片aaaaaa免费看| 亚洲欧美成人综合久久久 | 亚洲热线99精品视频| 18成禁人视频免费网站| 精品亚洲成a人在线观看| 亚洲精品无码成人片久久| 黄色免费网站网址| 深夜福利在线免费观看| 亚洲免费精彩视频在线观看| 日本免费观看网站|