WASHINGTON, Feb. 2 (Xinhua) -- International Monetary Organization (IMF) Managing Director Georgieva said on Feb. 1 that although the IMF has raised its global economic growth forecast, it needs to be cautious in dealing with various risks, the Ukraine crisis and the Palestinian-Israeli conflict are still continuing, and the geopolitical situation has brought uncertainty to the global economic outlook.
At a roundtable held at the IMF headquarters in Washington on the same day, Georgieva said that the IMF's latest global economic growth in 2024 is 31%, up from 2 in October last year9%。
On October 14, 2023, in Marrakech, Morocco, International Monetary Fund (IMF) Managing Director Georgieva warned at the 2023 annual meetings of the IMF and the World Bank that a new round of Palestinian-Israeli conflict could increase global economic uncertainty. Photo by Xinhua News Agency reporter Huo Jing.
She noted that the situation in the Red Sea could have an impact on the global economy. Cargo volume in the Suez Canal fell by 43% in January compared to the same period last year, which hit the economies of some countries.
On the monetary policy front, Georgieva warned of the risks of easing monetary policy too soon and keeping interest rates higher for too long. For the United States, keeping interest rates high for too long poses a risk not only to the U.S. economy, but also to the global economy.
She said that when other countries, especially many emerging market economies that have already brought inflation down to target levels, move to lower interest rates, if the U.S. continues to keep interest rates higher, this could affect the exchange rate and to some extent negatively impact other countries.
On January 31, in the Heihe area of the China (Heilongjiang) Free ** Pilot Zone, workers in the intelligent warehousing and logistics center of Heihe Cross-border E-commerce Park sent the packaged goods to the express sorting yard through the conveyor belt. Photo by Xinhua News Agency reporter Xie Jianfei.
When talking about China's economy, Georgieva told Xinhua that China's economy will grow well in 2023. Looking ahead, dealing with the pressure of the real estate sector and the local ** debt problem will be crucial to maintaining the momentum of China's economic development.
Georgieva pointed out that in the field of real estate, China has taken some measures. She stressed that China's decisions in areas such as electric vehicles demonstrate its commitment to a green economy.