IMF chief says she expects lukewarm economic growth in medium term, urges reforms

Kristalina Georgieva painted a sobering picture in a speech on Thursday, but said much could still be done to boost growth, reduce debt and build a more resilient global economy

New forecasts by the International Monetary Fund point to a difficult future for the global economy marked by lackluster medium-term growth, escalating trade tensions and high levels of debt, IMF Managing Director Kristalina Georgieva said on Thursday.

Rising protectionism and increasing trade restrictions were fracturing the global economy, limiting growth in trade and “pouring cold water on an already lukewarm world economy,” said Georgieva, who started her second five-year term this month. “Our forecasts point to an unforgiving combination of low growth and high debt – a difficult future,” Georgieva said.

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