International Monetary Fund: The world is facing the weakest growth in decades

International Monetary Fund (IMF) Managing Director Kristalina Georgieva said at the G20 summit in Brazil that the world is facing the weakest medium-term growth outlook in decades, with the IMF forecasting growth of 3.3 percent in 2025. .  

He said: A healthy and stable financial sector is important in this context, but he warned that it faces uncertainties such as the vulnerability of non-banking financial institutions, new technologies such as digital currency, and the fragmentation of the international payment system. .

Georgieva also said efforts to curb inflation must continue, warning that despite good progress, “the work is not done yet.”  

He said central banks should “resist cutting prices too soon”, but also avoid waiting too long and slowing economic activity.  

He welcomed the willingness of the G20 to tax billionaires, stating that “many countries have opportunities to tax the wealthy more effectively by closing loopholes, sharing information and strengthening capital income taxes.”

Translator: Azam Purkand