IMF: The foundation for a global economic recovery is weak

Abstract International Monetary Fund (IMF) President Christine Lagarde will tell leaders this week that the global economic outlook is improving, but she will warn that if there is no more cooperation, this improvement may meet. ..
Christine Lagarde, president of the International Monetary Fund (IMF), will tell leaders this week that the global economic outlook is improving, but she will warn that if there is no more cooperation, this improvement may face Danger.
In a briefing submitted to the G20 summit in Hamburg this week, Lagarde will be to host German Chancellor Angela Merkel and others (including US President Donald Trump ( Donald Trump) and Chinese President Xi Jinping convey uncomfortable information.
Lagarde is worried that this improvement is weak and it is difficult to guarantee an improvement in living standards.
In the IMF monitoring report that will be submitted to the G20 leaders at the meeting of tomorrow's leaders, she said that the rising economic growth of the G20 countries is “promising change” compared with the previous meeting, but “cautiously optimistic emotions should prevail” .
Although the IMF has raised its forecast for the global economy for the first time in nearly 10 years, the organization said that “both new and old risks threaten us to create higher growth targets”.
The IMF cut its outlook for US economic growth, reflecting the organization's disappointment with the Trump administration's hesitation in corporate tax reforms and infrastructure spending plans, as well as weak US growth data in the first quarter of this year. Lagarde also hopes to send more information to Trump in Hamburg.
She said in the briefing: "Any country is not an island." The Trump administration is currently considering tariffs to protect the US steel industry.
Germany has also been criticized for its long-term trade surplus, which the IMF believes will weaken the global economy.
Lagarde said that China's economic performance this year is stable, which is worthy of thanks. It offsets the weaker growth in the United States, but she is worried that China is too dependent on loose and excessive public and private sector lending.
Translator / Liang Yanshang

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