Kristalina Georgieva: Governments must prepare coordinated measures to stimulate economy in monetary terms
The global economy has been slowing its growth to the lowest pace in a decade. Delay affects 90% of the world and governments need to prepare monetary stimulus measures. This was what newly elected IMF Managing Director Kristalina Georgieva said in her first speech in this position.
If they continued at the same intensity, trade conflicts would cost global trade 700 billion USD in 2020, Georgieva warned.
Climate change is another major challenge for today's economy. Governments must stimulate the transition to clean energy through a significant increase in carbon taxes, Kristalina Georgieva said.