Speaking at the China Development Forum over the weekend, International Monetary Fund (IMF) Chief Kristalina Georgieva warned that “risks to financial stability have increased.”
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Urge for continued vigilance.
The actions taken so far by advanced economies have calmed market stress.
2023 would be another challenging year, global growth slowing to 2.9% due to the pandemic, the war in Ukraine, and monetary tightening.
Will improve in 2024, but still below historic average of 3.8%.
Overall outlook remained weak.
China's strong economic rebound, projected GDP growth of 5.2% in 2023, offered some hope for the world economy.
China expected to account for around one third of global growth in 2023.
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