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MOSCOW, Apr 8 The global economic system is in a vulnerable situation due to attempts by world central banks to fight inflation, said IMF Managing Director Kristalina Georgieva during a conversation with a journalist published on the bank's YouTube channel.
Among the consequences, she named primarily financial instability and economic slowdown, but at the same time stressed that a repeat of the second financial crisis of 2008 does not threaten the world.
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“Now the financial system, both banking and non-banking, has become much cleaner, but this does not mean that vulnerabilities do not exist. In fact, we've been saying for the past year, «It can't be that interest rates have risen so much after being low for so long, and there would be no vulnerabilities, something has to make a 'boom',» she said. Georgieva.
On Thursday, the Managing Director of the International Monetary Fund said that global economic growth will remain at three percent over the next five years, the lowest medium-term forecast since 1990.