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The world economy has started to rise from the bottom, but the path will be uneven and uncertain. This was announced by the managing director of the International Monetary Fund, Kristalina Georgieva, at a special press conference on the Bulgarian measures.
Kristalina Ivanova Georgieva was born on August 13, 1953 in Sofia. Your high school education, BNT reports.
Although the forecast is less pessimistic, we see unprecedented negative growth: 4.4%.
According to IRF forecasts, there will be a partial recovery: growth of 5.25% next year, which will not be enough to return to pre-crisis levels in 2019. We expect a deterioration in living standards in almost all countries, Georgieva said.
“Our recommendation is to support businesses and households to avoid a catastrophic contraction of the economy, of course, we must also save receipts, be very responsible for how taxpayers’ money is used. High responsibility, accountability. Especially in this Today, it is more dangerous to do less than to do a little more than necessary. The government must start looking at who they support, if they are companies with structural problems and keep them on artificial respiration forever, “explained Kristalina Georgieva.Kristalina Ivanova Georgieva was born on August 13, 1953 in Sofia. Your high school education.
According to Georgieva, Bulgaria is coping with the crisis better than many countries. Both in terms of infected and in terms of economic measures.
“Bulgaria followed a responsible fiscal policy, if we have learned anything from this crisis it is that when we have buffers and macroeconomic stability in good times, when bad times come it is better to resist problems. Bulgaria, fortunately for Bulgarian citizens, is in this category “. Georgieva also commented.
Special attention should be paid to the banking system, said the IMF’s managing director.
The institution expects the industry to recover more quickly from the service sector. Top IMF Recommendations, Made by Kristalina GeorgievaKristalina Ivanova Georgieva was born on August 13, 1953 in Sofia. Your high school education They are:
– Keep focusing on the health of life until we get out of the crisis. Vaccine policy is economic policy.
– Until we see the health crisis pass, it is very important to continue supporting businesses and households, not cutting off these life-saving support. Let’s not cut the support we have created so far.
– Fiscal policy must be flexible to adapt to changing conditions. Until now, fiscal support has been universal, all companies have been supported, over time it is necessary to think about reorienting fiscal support, where there will be greater benefit for the economy. The support must be directed to the people, to the workers. Solid investment.
– What will the world be like after the pandemic? What can we do to have a more dynamic and sustainable economy? We must not strengthen the economy of the past, but use the great fiscal stimulus. We have to focus on the economy of the 21st century: digital, green, fairer, in other words, more sustainable.
Success in the future will continue to depend on uniting as a world, international cooperation and the timing of measures to stabilize the economy, Georgieva added.
The International Monetary Fund plans to use its $ 1 trillion capacity.
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