World suffering 'synchronised slowdown' – IMF boss

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New IMF chief Kristalina Georgieva says world is suffering a 'synchronised slowdown' as global economy set to see its slowest growth in nearly a decade

IMF chief Kristalina Georgieva delivers her curtain-raiser speech previewing the key issues to be addressed in the Annual Meetings in Washington, DC, on October 8, 2019.

Research shows the impact of the trade conflict is widespread and countries must be ready to respond in unison with cash infusions, Kristalina Georgieva said in her first speech as managing director of the IMF. "In 2019, we expect slower growth in nearly 90 percent of the world. The global economy is now in a synchronised slowdown," Georgieva said in a speech ahead of IMF-World Bank autumn meetings next week.

 

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