Georgieva, president of the International Monetary Fund (IMF), said that economic powers like China should play a leading role in responding to global challenges.
According to the Beijing Daily client report, the International Financial Forum (IFF) 2022 Global Annual Meeting on December 2nd to 4th with the theme of "World Change: Symbiosis and Reconstruction"EssenceIn the opening ceremony, Kristalina Georgieva said on Friday (December 2) that under multiple pressures, the global economic prospects are not optimistic.The world must oppose division. When jointly cope with challenges and win -win cooperation, economic power like China should play a leading role.
She said, as referred to the theme of this year's annual meeting, the world has experienced great changes.The three -year epidemic impact has greatly increased the prices of various materials such as food and energy, which led to tightening fiscal policy in various countries, and the growth of world economic growth has slowed down.
Georkiyeva said that the IMF forecasts that the global economic growth rate in 2023 is 2.7%, but the actual growth rate is likely to be less than 2%.At least one -third of countries around the world are expected to fall into economic recession in 2023.She said that the situation in the Asia -Pacific region is relatively good, but it also faces many unfavorable factors challenges.
She said, first of all, many countries will continue to increase interest rates against inflation, and fiscal policy will continue to tighten.High interest rates will lead to rising yields in Asia and depreciation of currency.Russia and Ukraine's conflict seriously impacted the global energy and food market, directly affecting European economic growth, and also weakened European demand for imports in Asia.China's economic development is also affected by the prevention and control of the crown disease and the real estate crisis.
Georkeva said that the global division trend has made the world prospects more unclear, and it will also directly impact the economic model of openness and trade that is open in Asia.How should policy makers cope with the change?"For most countries, reducing inflation will be the top priority. China's overall inflation level is not high, which leaves room for loose monetary policy.Consumption to promote economic growth. "
Georkeva said that China's timely adjustment of epidemic prevention and control policies to reduce the impact on the economy will be the key to ensuring and balanced economic recovery.She welcomes China's recent real estate industry related policies, hoping that the Chinese government will take more measures to further ensure financial stability.
She also emphasized that it is not enough to rely on domestic policies and must oppose division."If the world is separated and trade with each other, Global Gongs (GDP) will inevitably reduce trillion. Imagine how many people can feed with this money, how many electric vehicles can be made, and how many trees are planted? The world cannot bear division at all.Consequences. "
Georkeva called for countries to take action to deal with challenges together, and only cooperation can achieve a win -win situation.Economic powers like China should play a leading role. The constructive signal issued by the G20 Summit of the 20th G20 makes people see hope.
Georkeva said that the challenge should start from three aspects.First, solve the problem of unsafe food.More than 800 million people do not have enough food, and international cooperation is required to solve food problems.Second, take action to reduce the risk of debt crisis.Large credit parties like China and private sector are responsible for taking the lead.Third, by reducing global carbon emissions and enhancing the toughness of climate shock, we will increase the intensity of common climate crisis.China plays an important role in these two aspects.Finally, actively dialogue to resist division.
This annual meeting was jointly sponsored by the Guangzhou Municipal Government and the International Financial Forum (IFF).International organizations such as International Clearance Bank, as well as nearly 100 global financial politics in the United States, the United Kingdom, France, Singapore, New Zealand, the Philippines, Turkey, Kazakhstan, Pakistan and other countries and the number of Goldman Sachs Group, the London Stock Exchange Group, HSBC Bank, etc.Ten world -renowned corporate leaders attended and delivered a keynote speech.
