IMF warns of economic impact of Ukraine, other crises

International Monetary Fund Managing Director Christine Lagarde warned today that the political crisis around Ukraine poses a danger to the broader world economy.

In a speech in Washington, Lagarde said global growth five years after the Great Recession "remains too slow and weak" and faces multiple threats.

For one, low inflation, especially in and Japan, are dangers for demand and output and consequently jobs, Lagarde said at the Johns Hopkins University School of Advanced International Studies.

A second key threat is high corporate leverage in emerging economies, which if not adequately addressed will be worsened by the turmoil from eventual monetary tightening in advanced economies, especially the United States.

"The third obstacle is the rise of geopolitical tensions, which could cloud the global economic outlook," she said.

"The situation in Ukraine is one which, if not well managed, could have broader spillover implications."

In addition to Ukraine are other geopolitical problem areas, she added.

"Resolving them requires not only good policies, but good politics. Both are essential to enable the to move into a higher gear."

Last week the IMF announced an ambitious USD 14-18 billion program to rescue Ukraine's economy after the overthrow of president Viktor Yanukovich.

Tensions with Russia over its annexation of Ukraine's Crimea region have added to the challenge of stabilizing the country.

image
Business Standard
177 22
Business Standard

IMF warns of economic impact of Ukraine, other crises

AFP  |  Washington 



International Monetary Fund Managing Director Christine Lagarde warned today that the political crisis around Ukraine poses a danger to the broader world economy.

In a speech in Washington, Lagarde said global growth five years after the Great Recession "remains too slow and weak" and faces multiple threats.



For one, low inflation, especially in and Japan, are dangers for demand and output and consequently jobs, Lagarde said at the Johns Hopkins University School of Advanced International Studies.

A second key threat is high corporate leverage in emerging economies, which if not adequately addressed will be worsened by the turmoil from eventual monetary tightening in advanced economies, especially the United States.

"The third obstacle is the rise of geopolitical tensions, which could cloud the global economic outlook," she said.

"The situation in Ukraine is one which, if not well managed, could have broader spillover implications."

In addition to Ukraine are other geopolitical problem areas, she added.

"Resolving them requires not only good policies, but good politics. Both are essential to enable the to move into a higher gear."

Last week the IMF announced an ambitious USD 14-18 billion program to rescue Ukraine's economy after the overthrow of president Viktor Yanukovich.

Tensions with Russia over its annexation of Ukraine's Crimea region have added to the challenge of stabilizing the country.

RECOMMENDED FOR YOU

IMF warns of economic impact of Ukraine, other crises

International Monetary Fund Managing Director Christine Lagarde warned today that the political crisis around Ukraine poses a danger to the broader world economy. In a speech in Washington, Lagarde said global growth five years after the Great Recession "remains too slow and weak" and faces multiple threats. For one, low inflation, especially in Europe and Japan, are dangers for demand and output and consequently jobs, Lagarde said at the Johns Hopkins University School of Advanced International Studies. A second key threat is high corporate leverage in emerging economies, which if not adequately addressed will be worsened by the turmoil from eventual monetary tightening in advanced economies, especially the United States. "The third obstacle is the rise of geopolitical tensions, which could cloud the global economic outlook," she said. "The situation in Ukraine is one which, if not well managed, could have broader spillover implications." In addition to Ukraine are other ... International Monetary Fund Managing Director Christine Lagarde warned today that the political crisis around Ukraine poses a danger to the broader world economy.

In a speech in Washington, Lagarde said global growth five years after the Great Recession "remains too slow and weak" and faces multiple threats.

For one, low inflation, especially in and Japan, are dangers for demand and output and consequently jobs, Lagarde said at the Johns Hopkins University School of Advanced International Studies.

A second key threat is high corporate leverage in emerging economies, which if not adequately addressed will be worsened by the turmoil from eventual monetary tightening in advanced economies, especially the United States.

"The third obstacle is the rise of geopolitical tensions, which could cloud the global economic outlook," she said.

"The situation in Ukraine is one which, if not well managed, could have broader spillover implications."

In addition to Ukraine are other geopolitical problem areas, she added.

"Resolving them requires not only good policies, but good politics. Both are essential to enable the to move into a higher gear."

Last week the IMF announced an ambitious USD 14-18 billion program to rescue Ukraine's economy after the overthrow of president Viktor Yanukovich.

Tensions with Russia over its annexation of Ukraine's Crimea region have added to the challenge of stabilizing the country.
image
Business Standard
177 22

More News

  • Airtel deploys carrier aggregation technology to offer better data speed in  Mumbai Airtel to offer 100 mbps data speed in Mumbai via advanced tech
  • CCI slaps over Rs 6,700 crore fine on 11 cement companies CCI slaps Rs 6,700-crore fine on 11 cement firms
Widgets Magazine
Widgets Magazine

Upgrade To Premium Services

Welcome User

Business Standard is happy to inform you of the launch of "Business Standard Premium Services"

As a premium subscriber you get an across device unfettered access to a range of services which include:

  • Access Exclusive content - articles, features & opinion pieces
  • Weekly Industry/Genre specific newsletters - Choose multiple industries/genres
  • Access to 17 plus years of content archives
  • Set Stock price alerts for your portfolio and watch list and get them delivered to your e-mail box
  • End of day news alerts on 5 companies (via email)
  • NEW: Get seamless access to WSJ.com at a great price. No additional sign-up required.
 

Premium Services

In Partnership with

 

Dear Guest,

 

Welcome to the premium services of Business Standard brought to you courtesy FIS.
Kindly visit the Manage my subscription page to discover the benefits of this programme.

Enjoy Reading!
Team Business Standard