International Monetary Fund (IMF) Managing Director Kristalina Georgieva said that the increase in the number of Kovid-19 infections observed in China will adversely affect the global economy in the short term. He said this on the broadcast of the TV channel GIS.
Georgieva said the Chinese economy slowed sharply in 2022 due to its strict zero-tolerance policy against the coronavirus, and for the first time in 40 years the country’s economic growth could be at or below global economic growth. As the head of the IMF noted, this has never happened before.
Georgieva also expressed confidence that the weakening of anti-COVID measures in China over the next 3-6 months will be troubling for the country, with a rapid increase in the number of infections comparable to wildfires.
Formerly Financial Times knowledgeablelost up to $30 trillion in 2022, when global stock markets and bond markets converged.
According to the publication, this was the strongest blow to the global economy since the 2008 crisis. Stock markets in New York, Shanghai and Frankfurt am Main fell significantly, with the S&P 500 index falling nearly 20% and the Nasdaq stock index falling 33%. In China – Shanghai and Shenzhen – the CSI 300 index fell significantly: 22% in yuan and 28% in dollar terms.