The central banks of different countries are trying to contain high inflation, which is why the world economy is now very unstable and therefore vulnerable. This was stated by IMF Managing Director Kristalina Georgieva.
According to her, now the financial system as a whole has become an order of magnitude cleaner, but this fact does not save it from a slowdown in economic growth.
“It just can’t be that interest rates have risen this much after being low for so long, and there would be no vulnerabilities. Something has to make the ‘boom’– Georgieva said in an interview for the foundation’s YouTube channel.
Nevertheless, she believes, the world is not threatened by a repeat of the 2008 crisis, even if a number of banks in the US and Switzerland collapse. However, the head of the IMF noted that the conflict in Ukraine and tensions between the US and China could lead to negative consequences for the economy.
Along with this, Georgieva drew attention to the fact that the West is trying to defend its interests, but understands that it will lose from 200 billion to 7 trillion dollars in trade (0.2-7% of world GDP. – Approx. REN TV) in case of deterioration of relations with global “players”.
Earlier, the head of the IMF spoke about the unfair distribution of benefits between nations. In her opinion, the globalization of the world economy has led to this.
