IMF “World Economy Further Risk of Decreasing” Request for Response from Each Country October 20th, 5:48
The IMF = International Monetary Fund opened a committee meeting in Washington on 19th, attended by the finance ministers of major member countries, and the world economy could further slow down due to trade friction. We issued a statement asking you to take it.
According to a statement from the IMF committee, the global economy is continuing to slow down, reflecting a wide range of uncertainty, including trade disputes between the United States and China, and the problem of the UK leaving the EU. The outlook is uncertain “There is a growing risk of falling down.”
On top of that, he pointed out that “free and fair trade and investment will be the driving force for economic growth and job creation,” and urged that resolving trade conflicts and reforms that strengthen the functions of the World Trade Organization are essential. .
He called on countries to take all possible measures, including fiscal spending and monetary policy, to avoid a further slowdown in the global economy.
IMF CEO Georgieva, who spoke at the press conference, said, “For the global economy, the effects of uncertainty are greater than the effects of raising tariffs. It is necessary to deal with appropriate combinations of fiscal spending and structural reforms. "We should be able to improve by stopping the economic slowdown."