The International Monetary Fund’s leader warned on Thursday 17th October 2024 that the global economy continues to be hindered by high government debt and sluggish growth.
MD Kristalina Georgieva praised the efforts of major central banks in controlling inflation but pointed out that such successes were not widespread.
Additionally, Georgieva cautioned that international trade is no longer the growth catalyst it used to be, emphasizing the increase in restrictive policies across numerous economies.
“It is successful major economies that have done really well … and there are pockets in the world where inflation is still a problem,” she reportedly said.
“The impact of higher prices remains, and it is making many people in many countries feel worse off and angry.”
See articles here on the problems of world debt.