Categories: Economy

Weak growth expectation from IMF chief

The president of the International Monetary Fund, Kristalina Georgieva, announced that global economic activity, especially in the manufacturing sector, has lost momentum and medium-term growth prospects remain weak.

Meeting with G20 finance ministers and central bank governors in the western Indian state of Gujarat, Georgieva said the differences in the economic situation of the countries remained worrying.

HIGH INFLATION AND TIGHT MONETARY POLICY WARNING

Georgieva said inflation is on a downward trend, but “headline inflation remains very high and core inflation remains high despite substantial monetary policy tightening.”

Georgieva warned that inflation could remain high for longer, which would require further tightening of monetary policy. (Reuters)

Source: Sozcu

Andrew

Andrew Dwight is an author and economy journalist who writes for 24 News Globe. He has a deep understanding of financial markets and a passion for analyzing economic trends and news. With a talent for breaking down complex economic concepts into easily understandable terms, Andrew has become a respected voice in the field of economics journalism.