USA: According to Anadolu Agency, Nadia Calvino, chair of the International Monetary and Financial Committee (IMFC), stated on Friday that there is growing uncertainty regarding the future of the world economy.
"The worst macroeconomic outcomes anticipated in the Fall have not come to pass so far, and the global economy has demonstrated resilience. But the growth outlook is still dim, and the downside risks have grown, she said at the 47th IMFC meeting in Washington, D.C.
According to Calvino, the outlook for growth is still muted, and downside risks have increased due to recent shocks, Russia's conflict with Ukraine, and tightening monetary policy.
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The recent banking and financial market crisis made these risks clear, and they are weighing on global economic recovery and macro-financial stability, according to the chair of the IMFC, the policy advisory committee of the IMF's board of governors.
Although inflation has somewhat subsided, persistent price pressures still exist. Calvino, who is also Spain's first vice president and minister for economy and digitalization, said that debt vulnerabilities are increasing while food and energy insecurity persists, disproportionately affecting vulnerable countries and populations.
Additionally, she continued, "fragmentation risks are rising, climate shocks are getting stronger, and inequality is rising.
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Additionally, Calvino sent her sincere condolences to the people of Turkey and Syria for the tragic deaths and extensive destruction brought on by the devastating earthquakes in February.