The International Monetary Fund logo is seen outside the headquarters building in Washington, U.S., as IMF Managing Director Christine Lagarde meets with Argentine Treasury Minister Nicolas Dujovne September 4, 2018.The world economy is exhibiting remarkable resilience, presenting a better-than-expected performance despite ongoing challenges, according to Kristalina Georgieva, Managing Director of the International Monetary Fund .
Firstly, consumer demand remains robust, and government spending has also displayed considerable resilience. Secondly, the IMF has examined growth trends in major economies. Despite the positive signs, the IMF chief cautioned that decision-makers worldwide still face significant challenges. Georgieva further added that “For fiscal authorities, this is a very difficult moment. They have to rebuild buffers, because they spent and spent and spent in the previous years. At the same time, they need to support the green and digital transformation of their economies.”
Source: Financial Digest (financialdigest.net)
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