The statement highlights the IMF out that even if the global recovery continues, it is done at a moderate pace and unevenly distributed. Several of the emerging countries is slowing down due to weakening commodity prices and export figures. Among the risks mentioned major changes in exchange rates, prolonged periods of inflation targets are not achieved in some economies, high public debt and geopolitical tensions.
– Long periods of low interest rates risk creating financial bubbles and (IMF chief Christine) Lagarde also points to the demographics as a challenge for the advanced countries, but where Sweden has a little better demographic situation than many other developed countries, said Finance Minister Magdalena Andersson who attended the meeting in Washington.
The IMF puts special emphasis need for investment in infrastructure.
– The IMF points out that it is important to try to use the situation as it become real investment rather than making it bubbles out of it.
Andersson says the IMF’s assessment is close to the Swedish government.
– Christine Lagarde pointed to the opportunities and risks she sees in the world economy. As for the low price of oil, it can give an injection into the global economy but also a more expansionary monetary policy in some countries.
IMF warns to deteriorating growth prospects in danger of becoming a global challenge . But the Chairman of the meeting, the Mexican Finance Minister Agustin Carstens, is optimistic.
– A very good sign is that a large part of the discussion was about how growth can be increased … and not just about the risks, he says to Reuters.
The meeting will conclude on Sunday.
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