26.02.2025, 19:41
The IMF assessed the prospects of the global economy
Source: OREANDA-NEWS
OREANDA-NEWS In 2025, the global economy will grow by 3.3 percent, which is lower than the annual average over the past few decades. Kristalina Georgieva, Managing Director of the International Monetary Fund (IMF), assessed the prospects for global GDP. Her words are quoted by TASS.
According to her expectations, the global economic growth rate will be the same in 2026. "Growth of 3.3 percent is not very encouraging, given that there is a high level of debt in the world," Georgieva explained during a speech at a meeting of finance ministers and central Bank governors of the G20 countries.
At the same time, she saw an opportunity to gradually reduce inflationary pressures on the global economy in the medium term. According to her, such dynamics will be observed against the background of decreasing tensions in the global labor market and lower energy prices. "This will help reduce inflation," the IMF director concluded.
However, the uncertainty surrounding the new trade policy of the US authorities may negate the positive dynamics in the fight against inflation, Georgieva noted. The GDP growth prospects of a number of developing and advanced economies will be threatened by the risks of tariff wars due to the protective duties imposed by the President of the United States Donald Trump. "The governments of numerous countries are now faced with the task of containing the immediate risks to national economies," Georgieva concluded.
The IMF warned about the risks of fragmentation of the global economy due to the increasing trend of protectionism in early May 2024. However, since Trump came to power in the United States, such threats have become even greater. The first deputy director of the IMF, Gita Gopinath, predicted the emergence of three trade and economic blocs in the world, the first of which will be led by the United States, the second by China, and the third by the European Union. Given the unpredictable trade and economic policy of the United States, such risks have not gone away. According to the IMF, one of the main victims in this scenario may be the EU, a number of sectors of the economy of which depend on exports to the United States.
According to her expectations, the global economic growth rate will be the same in 2026. "Growth of 3.3 percent is not very encouraging, given that there is a high level of debt in the world," Georgieva explained during a speech at a meeting of finance ministers and central Bank governors of the G20 countries.
At the same time, she saw an opportunity to gradually reduce inflationary pressures on the global economy in the medium term. According to her, such dynamics will be observed against the background of decreasing tensions in the global labor market and lower energy prices. "This will help reduce inflation," the IMF director concluded.
However, the uncertainty surrounding the new trade policy of the US authorities may negate the positive dynamics in the fight against inflation, Georgieva noted. The GDP growth prospects of a number of developing and advanced economies will be threatened by the risks of tariff wars due to the protective duties imposed by the President of the United States Donald Trump. "The governments of numerous countries are now faced with the task of containing the immediate risks to national economies," Georgieva concluded.
The IMF warned about the risks of fragmentation of the global economy due to the increasing trend of protectionism in early May 2024. However, since Trump came to power in the United States, such threats have become even greater. The first deputy director of the IMF, Gita Gopinath, predicted the emergence of three trade and economic blocs in the world, the first of which will be led by the United States, the second by China, and the third by the European Union. Given the unpredictable trade and economic policy of the United States, such risks have not gone away. According to the IMF, one of the main victims in this scenario may be the EU, a number of sectors of the economy of which depend on exports to the United States.
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