The global economy will return to growth in 2017, says the IMF.
The Managing Director of the International Monetary Fund (IMF), Christine Lagarde, said that 2017 could see "stronger and more sustainable growth globally"; however, Lagarde stressed that there will be "challenges" this year, created by "political factors that influenced 2016," and that "a more equitable distribution of income" is of utmost importance.
Ansa - The director of the International Monetary Fund (IMF), Christine Lagarde, said this Wednesday (4), in an article for the German business newspaper Handelsblatt, that 2017 could see "stronger and more sustainable growth at the global level". According to Lagarde, "Germany will preside over the G20 [group formed by the 19 largest economies in the world plus the European Union] and will commit to measures and structural reforms, increasing the resilience of the larger economies". The information is from the Ansa Agency.
China, according to her, "will continue to shift its economic model from exports to domestic demand," and several Asian and South American countries "will help boost the dynamism of young people."
The IMF director also made her predictions for the government of the president-elect of the United States (USA), Donald Trump, which will begin on the 20th. "The new US administration will focus on corporate tax reform and infrastructure investments."
Lagarde stressed, however, that there will be "challenges" this year, created by "political factors that influenced 2016," and that "a more equitable distribution of income" is of utmost importance.
"The IMF believes that a more equitable distribution of income represents not only good social policy, but also good economic policy," the director wrote in the German publication, adding that "in the last 20 years, the income of the richest 10% of the population has grown by 40%, while the poorest have barely gained anything."