IMF warns: “China needs to spend more; the United States, save more; and Europe, invest more”
The Managing Director of the International Monetary Fund (IMF), Kristalina Georgieva, has warned that the global economy’s resilience is reaching its limit, which is why countries urgently need to fix their public finances—as “winter is coming”—as well as address growing global imbalances, for which “China needs to spend more; the United States, save more; and Europe, invest more.” At a press conference in Bangkok during the IMF and World Bank…
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