Posted 10/25/2023, 8:44:51 AM
IMF Chief Warns High Rates Will Slow Growth, Urges Global Cooperation
- IMF head says high interest rates will persist, slowing global growth
- Calls for international cooperation to boost growth in a divided world
- Fragmentation could chop 12% off global GDP
- Governments should have strong fiscal buffers like tax and spending policies
- Globalization has lifted many out of poverty but not everyone has benefitted
- Leaders must support those negatively impacted by globalization