HANGZHOU, CHINA - The International Monetary Fund said that the country's "Big Twenty" should use all available economic and financial instruments to counter slowing growth in the world of a marketing economy.
Speaking at the conclusion of the two-day summit of leaders of G-20 in the Chinese city of Hangzhou on Monday, IMF Managing Director Christine Lagarde said that the development of the economy should benefit more people, while the world is seeing a backlash against globalization and free trade. A report issued last week, the report said that the IMF expects a further deterioration of the forecast of world economic growth for this year. As we have previously reported growth of 3.1%.
"We need to stimulate growth and it should be more comprehensive" in order to reduce fears among those who feels the benefits of globalization, - said Ms. Lagarde told reporters.
On Sunday, the President of the International Organization of Employers (IOE), Daniel Funes de Rioja pointed out that in 2015 unemployment worldwide reached 197 million people - a trend caused by the effects of globalization, automation, and other factors.
The head of the fund said that the leaders of the largest economies in the world should make every effort to convince the public of the benefits offered free trade, including higher performance, wider choice of products and services, as well as the opportunity to pull millions of people out of poverty. In According to Ms. Lagarde, g-20 countries should use monetary and fiscal policy in all areas where it is possible to stimulate demand, as well as structural reforms to stimulate innovation and the promotion of entrepreneurship, which will lead to an increase in the number of jobs.
Lagarde also noted that the Chinese currency, the yuan, meets the required criteria, that allows you to include currency in the basket of Special Drawing Rights of the IMF on October 1st.
Based on materials WELTRADE