Economics

IMF is skeptical over global economy's growth dynamics

16 march 2015 | 15:10

It is far too small and unstable. 

меркель лагард
Lagarde thinks world economy could develop even faster after the crisis
The recovery of the global economy remains "very slow, fragile and uneven," announced the IMF Director, Christine Lagarde.

At the same time, she noted the differences of monetary policies as a risk able to cause volatility for the financial markets, writes Reuters.

According to the IMF's forecast, the world economy will grow by only 3.5% in 2015 and 3.7% - in 2016.

Read more: Ukraine receives IMF's first tranche of $ 5 billion

 "This is still below what might be expected after such a crisis. In the future, the improvement of the indicators can still happen due to lower oil prices and interest rates. Yet, there are significant risks to the fragile global recovery," – commented Lagarde, speaking in the Indian capital Delhi.

 Last week, German Chancellor Angela Merkel also stressed on the fragility of global growth. Among the major challenges to economic growth she called a radical Islamist group "Islamic State" and the conflict around Ukraine.

Source: Reuters

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