日韩精品久久一区二区三区_亚洲色图p_亚洲综合在线最大成人_国产中出在线观看_日韩免费_亚洲综合在线一区

Global EditionASIA 中文雙語Fran?ais
Business
Home / Business / Policies

IMF: 'Firmer' global economy could use China-US teamwork

By ZHAO HUANXIN in Washington | chinadaily.com.cn | Updated: 2021-03-31 11:11
Share
Share - WeChat
Tesla China-made Model 3 vehicles are seen during a delivery event at its factory in Shanghai, Jan 7, 2020. [Photo/Agencies]

The global economy is on "firmer footing" and headed to a quicker recovery than originally expected, but it would grow even faster if China and the United States "work in sync", the head of the International Monetary Fund said Tuesday.

The US and China are two engines powering a "multi-speed recovery" from the pandemic crisis, well ahead of their pre-crisis GDP levels by the end of 2021, IMF Managing Director Kristalina Georgieva said in an address ahead of the body's annual spring meeting co-hosted with the World Bank.

"The good news is that the global economy is on firmer footing. Millions of people are benefiting from vaccines that hold the promise of a normal life, of embracing friends and loved ones," she said.

When the IMF releases its quarterly update of its World Economic Outlook next week, it will show "a further acceleration" in global growth for this year, which was projected at 5.5 percent in the IMF's January forecast.

There will be also an upward revision to its global forecast for 2022, she added.

Key factors leading to the rosier prospects include additional policy support such as passage of President Joe Biden's $1.9 trillion fiscal package and the expected vaccine-powered recovery in larger economies this year, Georgieva said.

She praised the "extraordinary effort" of nurses, doctors, essential workers and scientists from around the world working together to deliver vaccines in record time.

Also, governments took exceptional measures — including about $16 trillion in fiscal support and a massive liquidity injection by central banks.

Without these synchronized measures, the global contraction last year "would have been at least three times worse", she said.

"We are projecting strong growth for China for this year at over 8 percent, and it is on the back of containing the pandemic and seeing the manufacturing sector recovering very quickly," she said in a conversation following the speech.

The IMF chief said consumer spending is somewhat slower in China, which makes the recovery "somewhat still unbalanced".

"We would like to see more of this consumer-led growth in China, and as time goes, we expect that would be the case," she said.

Asked to comment on economic nationalism and the US' placing of the "highest tariffs" in recent history, Georgieva said it is "very important" to recognize that trade is good for growth, jobs and poverty reduction.

But if trade agreements are insensitive to unresolved problems that would create "fertile ground" for nationalism, it's important that countries do not shy away to identify the problems that need to be solved, she noted.

"All of us we have to work toward resolving the obstacles, making sure that the ground is fertile for collaboration and more reliance on us working together, not less," the IMF chief said.

She used China and the US, the two economies that are driving the world forward, as an analogy.

"This is like two engines on a plane on which we fly," she said. "We need these two engines to work in sync, and we would go further, and we would go faster."

In her speech, Georgieva cautioned that despite brighter prospects, there is danger as well, as economic fortunes are diverging.

The cumulative loss in per capita income, relative to pre-crisis projections, will be 11 percent in advanced economies by next year. For emerging and developing countries, excluding China, the loss will be at 20 percent, cutting one-fifth of what is already a much smaller per capita income than in richer countries, according to the IMF chief.

"One of the greatest dangers facing us is extremely high uncertainty," she said. "So much depends on the path of the pandemic — which is now shaped by uneven progress in vaccination and the new virus strains that are holding back growth prospects, especially in Europe and Latin America."

As a way out, the world must stay focused on escaping the crisis, following the example of the scientists by stepping up cross-border efforts, by doing whatever it takes to ramp up vaccine production, distribution and deployment, according to Georgieva.

"The world needs a fair mechanism to redistribute vaccines from surplus to deficit countries and a fully funded COVAX facility to accelerate vaccination in poorer countries," she said.

Top
BACK TO THE TOP
English
Copyright 1995 - . All rights reserved. The content (including but not limited to text, photo, multimedia information, etc) published in this site belongs to China Daily Information Co (CDIC). Without written authorization from CDIC, such content shall not be republished or used in any form. Note: Browsers with 1024*768 or higher resolution are suggested for this site.
License for publishing multimedia online 0108263

Registration Number: 130349
FOLLOW US
CLOSE
 
主站蜘蛛池模板: 欧美电影网站在线观看影片 | 妞干在线| 亚洲国产精品第一区二区三区 | 91网站在线免费观看 | 日韩精品一区二区三区中文字幕 | 国产成人啪精品视频免费网站软件 | 久久精品网 | 日日麻批 | 久久蜜桃av一区二区天堂 | 国产成人91精品 | 日本一级成人毛片免费观看 | 亚洲精品午夜电影 | 欧美成人免费高清网站 | 精品久久成人免费第三区 | 日本高清视频免费在线观看 | 国产农村妇女毛片精品久久麻豆 | av中文字幕在线观看 | 99精品国产免费久久国语 | 久一在线视频 | 欧美一级片手机在线观看 | 国产换爱交换乱理伦片 | 国产亚洲欧美在线人成aaaa | 婷婷亚洲五月 | 国产成人精品免高潮在线观看 | 国内色综合精品视频在线 | 久久91精品国产91久久小草 | 九九热视频在线观看 | 国产午夜亚洲精品第一区 | 国产精品视频26uuu | 国产精品99久久久久久www | 中文字幕视频在线观看 | 久草这里只有精品 | 成人欧美一区在线视频在线观看 | 图片区乱熟图片区小说 | 国产精品无码永久免费888 | 青草九九 | 日韩福利在线观看 | 狠狠色噜噜狠狠狠狠米奇777 | 午夜激情视频在线观看 | 青草青草久热精品视频在线网站 | 91精品国产91久久久久久 |