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Growth slowdown of India is temporary, says IMF chief Kristalina Georgieva

While speaking at WEF 2020 on Friday, IMF chief Kristalina Georgieva said that growth slowdown in India appears to be temporary and she expects the momentum to improve going ahead and that the world appears a better place in January 2020 compared to what it was when IMF announced its World Economic Outlook in October 2019. She said the factors driving this positive momentum include receding trade tension after the US-China first phase trade deal and synchronized tax cuts, among others. She, however, said a growth rate of 3.3 per cent is not fantastic for the world economy. Src: https://bit.ly/37nM7TH

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IMF to bring in climate change under its agenda says Kristalina Georgieva

The new Managing Director of IMF, Kristalina Georgieva, at the annual meeting held at Washington, told that the IMF(International Monetary Fund) is bringing in the environmental risk into its economic analysis. The IMF will put climate change under surveillance to create policies and produce incentives to work in the right direction for the global issue. There is no point in looking at the fundamentals of the economy of the countries with high carbon emission and high risk of carbon shocks without bringing climate risk under supervision, Kristalina added. Is it right to ignore the risk of climate change by the countries for their economic development? Src: https://bit.ly/2J6026Z

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