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​Global economic activity to grow in 2015 – IMF

Published time: July 07, 2014 16:05
International Monetary Fund (IMF) Managing Director Christine Lagarde (Reuters/Gary Cameron)

International Monetary Fund (IMF) Managing Director Christine Lagarde (Reuters/Gary Cameron)

Global economic activity is expected to strengthen in the second half of the year and accelerate in 2015, inspired by China and US growth, according to the head of the IMF.

Christine Lagarde was speaking on Sunday, and said the overall forecast had been slightly cut from April’s projection, with global output growing by 3.6 percent in 2014 and 3.9 percent in 2015.

Lagarde said the IMF reconsidered Chinese economic growth more positively.

"Looking at emerging Asian countries, and in particular China, we are reassured, because we do not see a brutal slowdown but rather a slight slowing of growth that has become ... more sustainable and that we see it at 7 to 7.5 percent this year," Lagarde told an economic conference in southern France.

A market rebound in the US economy replaced the more disappointing than expected first quarter results. Growth is expected to accelerate further, as long as there is a precise medium-term budget framework, and the Federal Reserve withdrawal from its monetary easing policy is orderly

"Global activity is picking up but the momentum could be less strong than we had expected because potential growth is weaker and investment ... remains subdued," Lagarde said.

The IMF head said accommodative policies used by central bank may have only a limited impact on demand, stressing that investment in infrastructure, education and health would boost growth.

"We must therefore take steps to boost efforts to strengthen growth," Lagarde said. "There is the opportunity in a number of countries to relaunch investment, without threatening the viability of public finances."

The IMF chief explained that the positive impact of public investment may allow some state projects to pass without impacting the debt-to-GDP ratios. However she said that despite beneficial features of a public investment boost, not all countries could afford to do so.

Comments (24)

 

Freaky 08.07.2014 07:50

[quote name='Marco Hsiao' time='08.07.2014 01:03']
[Spectac ular: New World Center theory]

1. From 1519 to 2019 Europe is world center. After 2019 East Asia will replace Europe as new world center; especially on international trade & finance. In 2013, Macao & Singapore both have higher per capita income than the US, that is a sign.

I think the warmonger West will start war and colonize people again, by their Zionist brothers. and make them 21st slaves.
Jerusale m as the main capitol of the world is their goal
Exactly in the heart of the world

 

Freaky 08.07.2014 07:46

@Mr. W

Chinese produce wing parts for Boeing - Airbus - Apple - Canon - Sony - Mitshubisi - Volkswagen -BMW - Mercedes.
Do you really think these brands will do bussines when the Chinese quality is bad...?
If you don't wanna pay enough you will get cheap stuff.
if you pay market conform prices you get the best qaulity.

 

Freaky 08.07.2014 07:45

@Mr.W

You are brainwashed by your government that all the bad stuff is coming from China.
Begin to throw all your Electric Appliances, TV,printer,computer, Audio,Furniture, Solar panels out of the house.
And a lot of cars today has Chinese car parts and you do not know. because your car manufacture will not tell you and let you pay premium prices. And you are a fool to get fooled. Governments are desperate because they can not stop te succes of the booming Asian economy and use their liar networks to fool you wit lies.

View all comments (24)
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