imfglobal economy faces risks
Last Updated : GMT 09:40:38
Themuslimchronicle, themuslimchronicle
Themuslimchronicle, themuslimchronicle
Last Updated : GMT 09:40:38
Themuslimchronicle, themuslimchronicle

IMF : Global economy faces risks

Themuslimchronicle, themuslimchronicle

Themuslimchronicle, themuslimchronicleIMF : Global economy faces risks

Beijing - Xinhua

IMF Chief, Christine Lagarde is in Beijing for the forum, and she had some words of warning: the global economy faces the risk of little or no growth due to financial instability. She also said that Asian economies should take steps to guard against the impact of a downturn. IMF head Christine Lagarde says the global economy is in a dangerous and uncertain phase, and it’s up to the world’s most developed economies to shoulder the burden of restoring growth and confidence. She said: \"Adverse feedback loops between the real economy and the financial sector have become permanent, and unemployment, as I have just mentioned in relation to the United States of America because it is unusual, has really advanced significantly unabated and remains unacceptably high.\" Speaking at a forum in Beijing, Lagarde adds European plans to bolster Greek rescue efforts are a step in the right direction to resolving the euro zone debt crisis, particularly its rescue fund. Lagarde said: \"And I’m very pleased to see that the Europeans have decided to accelerate the work and to make sure that all the guidelines and all the terms and conditions applicable to the leveraging effect that they have conceded will be in place before the end of November so that the fund is actually operational, and I suppose, be raising funds as of December.\" Lagarde points out China will have a role to play as well, by reducing its reliance on exports, boosting domestic consumption and currency reform. She said: \"Reform of the financial system continues to be important, and as we’ve said before, China also needs a stronger currency in real effective terms. But there is progress on that front as well.\" Lagarde says Asian policymakers will also need to respond quickly, by easing off on fiscal policy when necessary, drawing on reserves, or reactivating regional reserve pooling arrangements, during emergencies.

themuslimchronicle
themuslimchronicle

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

imfglobal economy faces risks imfglobal economy faces risks

 



Themuslimchronicle, themuslimchronicle
Themuslimchronicle, themuslimchronicle
Themuslimchronicle, themuslimchronicle

GMT 08:30 2017 Wednesday ,22 November

Kazem Al Saher surprised of cancellation

GMT 13:54 2017 Wednesday ,08 March

Sea of Galilee water level lowest in century

GMT 11:05 2017 Thursday ,13 April

Asia Pulhabal creates earrings from denim

GMT 22:01 2017 Tuesday ,31 January

June 21 - July 21

GMT 08:17 2017 Tuesday ,12 December

Actress Nadeen Al Rassi joins new Arab show

GMT 14:27 2017 Saturday ,30 September

Haftar stresses need for confronting illegal migration

GMT 12:06 2017 Saturday ,21 October

A template to make rice pudding your way

GMT 12:10 2017 Thursday ,21 December

Donia reveals her role in “Godfather 2”

GMT 14:29 2017 Saturday ,07 October

Kurdish secession and the mysteries of identity

GMT 11:59 2017 Wednesday ,19 July

Travis DesLaurier signs to Intrigue Management
Themuslimchronicle, themuslimchronicle
Themuslimchronicle, themuslimchronicle
 
 Themuslimchronicle Facebook,themuslimchronicle facebook  Themuslimchronicle Twitter,themuslimchronicle twitter Themuslimchronicle Rss,themuslimchronicle rss  Themuslimchronicle Youtube,themuslimchronicle youtube  Themuslimchronicle Youtube,themuslimchronicle youtube

Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2023 ©

Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2023 ©

muslimchronicle muslimchronicle muslimchronicle muslimchronicle
themuslimchronicle themuslimchronicle themuslimchronicle
themuslimchronicle
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
themuslimchronicle, themuslimchronicle, themuslimchronicle