The global economy, which performed slightly stronger than expected last year, will gain momentum in 2024. In an interview about this Bloomberg said Kristalina Georgieva, head of the International Monetary Fund.
“The global economy has proven to be quite resilient. 2023 was a little better than our expectations. “This small positivity in 2023 will also be reflected in 2024,” he said.
In October, the IMF predicted that global economic growth would be 2.9% in 2023. Georgieva declined to say how the fund would adjust its forecasts in January.
The IMF chief has stated that the US economy will face a “soft landing” as interest rates begin to fall. IMF First Deputy Managing Director Gita Gopinath also believes that the possibility of a soft landing in the USA is increasing. On China, Georgieva called for structural reforms to prevent growth from falling below 4%. Beijing is determined to remain an open economy, she said.
As before stated Chinese Premier Li Qiang said that without large-scale stimulus, China’s GDP growth in 2023 is 5.2 percent. Economists expect China to set a growth target of around 5 percent for 2024.
Georgieva evaluated the economic policy of the new Argentine government positively. Buenos Aires is aggressively tackling its budget deficit and reserves, he said. The IMF approved a loan of $4.7 billion to Argentina.
Previously, the IMF chief warned that artificial intelligence was a threat to jobs.