IMF chief economist: pessimistic about the outlook for global economic development

Source: Securities Times

The 2022 Spring Meeting of the International Financial Forum (IFF) was held in Beijing on the 27th. Pierre-Olivier Guranza, Chief Economist of the International Monetary Fund, gave a video speech, saying that, affected by the superposition of multiple unfavorable factors, the IMF He lowered his forecast for global economic growth to 3.6% and expressed pessimism about the outlook for global economic development.

When talking about China’s economic situation, Olivier Guranza said that the epidemic prevention policy adopted by China has successfully controlled the death rate and the number of cases in the past two years and ensured the normal operation of the economy. The main challenge in China now is the low vaccination rate among people over 75 years old. He pointed out that raising the level of immunity on a global scale is still an important guarantee for the recovery of the global economy.

Editor/Jeffrey

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