The IMF chief says the global economy is improving

International Monetary Fund (IMF) President Georgieva said Monday that the global economic situation has improved in the past few months but the outlook is more uncertain. She called on policymakers to try to avoid adding new uncertainties and build a more resilient and inclusive economy to cope with external shocks. At a roundtable press conference held at the IMF's headquarters in Washington on the same day, Georgieva said that compared with last October, the current global economic situation has improved, especially the global manufacturing industry and trade are bottoming out, which is partly due to easing trade tensions, dozens of central banks around the world to collectively reduce interest rates and other loose monetary policies. According to the updated contents of the world economic outlook report released by imf1 on 20, the global economic growth rate is expected to be 2.9% in 2019, 3.3% in 2020 and 3.4% in 2021. From the Australian forest fire to geopolitical tensions in the Middle East, to the new coronavirus infected pneumonia epidemic, and income inequality in some economies, the global economic outlook has become more uncertain, Georgieva said.

She called on global policy makers to make every effort to avoid adding new uncertainties, use fiscal, monetary and structural reforms to build a more resilient and inclusive economy, and enhance social cohesion in response to external shocks. Speaking of the new coronavirus infection of pneumonia, Georgieva said the IMF is closely following the situation and will assess its economic impact in a few weeks. Although the outbreak may have an impact on China's economy in the short term, she believes the Chinese government has sufficient policy space to stabilize economic growth. Georgieva stressed that the benefits of economic globalization should not be denied because of the risk of epidemic disease spread. She pointed out that the benefits of global economic integration in promoting economic growth and improving people's lives still far outweigh its negative effects. In response to epidemic diseases, Georgieva believes that the world can establish more early warning systems, take more preventive measures and take early action to control them. At the same time, he attaches great importance to development issues and enhances the resilience of national economies.