(Washington Composite Electric) The International Monetary Fund has greatly reduced the expectations of US economic growth on Friday. The Organization Director of Organizational Director of Organizational Director Geerkiya said that the U.S. economy to avoid recession is narrowing.risk.
The International Monetary Fund (IMF) released the annual assessment report of the US economic policy on Friday, which reduced the expected economic growth expectations from 3.7%in April to 2.9%, and the growth expected growth in 2023 was reduced from 2.3%to 1.7%.
Georkeva said at a press conference on Friday: "The road to avoiding economic recession is narrowing, and the prospects are highly uncertain."
She said that the United States tightening monetary policy and slowing growth will have a widespread impact.The International Monetary Fund is paying special attention to the impact of the tightening of the US financial situation and the appreciation of the US dollar exchange rate on emerging markets and developing economies.
The International Monetary Fund also suggested that the U.S. government cancels tariffs imposed on trading partners in the past five years, especially when the inflation is high and the supply chain is tight.
Geolkeva said: "The US economy continues to recover from crown disease, but Russia's invasion of Ukraine and China blockade has brought a significant impact on the US economy. Further negative impact will inevitably make the situation change.It's more difficult. "
She believes that stable price is very important for protecting US income and maintaining growth, but consumers may have to experience some pain before achieving this goal.She said that any temporary pain caused by economic recession will be a necessary price to curb destructive inflation.
Georgieva revealed that she discussed with US Minister of Finance Yellen and Fed Chairman Powell, and did not question the two's "determination to reduce inflation".
