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The recovery of the global economy is accompanied by the risk of weak growth
16/10/2017 12:00 am [rtl] BAGHDAD / Follow - up to the morning approved the International Monetary Fund and the World Bank, after the annual fall meetings, that the recovery of the global economy dominated by the looming risk horizon, stressing at the same time assigning trade agreements to fair rules. The IMF, along with protectionism, is concerned about the growing indebtedness of emerging countries and some of the G-20 countries, which could affect the recovery. In the middle of this picture, economic analyst Rahim al-Shammari said that the relative stability of the oil market, one of the reasons for the recovery of the global economy touched by several countries, and despite the Fund's concern of indebtedness, but Iraq is committed to pay its financial obligations. Al-Shammari told Al-Sabah that Iraq has proven in the face of the economic crisis resulting from the drop in oil prices, despite the suspension of investment projects, urging the adoption of more effective fiscal policies in line with the economic reforms set by the government. "The global economy is improving but they also acknowledge that the difficulties are not yet over with continued low inflation, weak growth expected and uneven recovery, which has cast a shadow over growth estimates," IMF members said. As central bank options dwindled and some sought to exit stimulus measures in times of crisis, the IMF renewed the call for fiscal policy and structural reforms to shoulder more of the burden of supporting recovery after the worst days of the economic storm. "Structural reforms that are difficult to implement in difficult times are much easier in better times because expectations are stronger," IMF director Christine Lagarde told reporters. A statement by the International Monetary and Financial Committee of the Fund: The improvement of the global economy and increased investment, trade and industrial production improves expectations. But the committee's statement found that "the recovery is not yet complete" and inflation rates below target and expected growth are weak in many countries. A number of financial officials who participated in meetings of the IMF and the World Bank warned that although the economies of many countries have improved, some have been left behind. [/rtl] [You must be registered and logged in to see this link.] |
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