The economic slowdown in the country is temporary and is expected to improve in the coming times. The International Monetary Fund (IMF) chief Kristalina Georgieva said this on Friday. Georgiwa said here at the World Economic Forum (WEF) 2020 that the picture seems to be changing between October 2019 to January 2020. He said that the IMF had announced the global economic scenario, as of that time in January 2020 the world seems to be in good shape. He said that the environment looks positive due to the first round trade agreement between the US and China, which has reduced the ongoing trade tension in the world economy. Apart from this, the situation has changed due to deductions in the tax cut.

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He said that the economic growth rate of 3.3% cannot be called good for the global economy. Georgieva said, "It cannot be called a rapid growth, it is slow growth." We want fiscal policies to be more aggressive. We want structural reforms and more mobility. Regarding emerging markets, Jarjiva said that these markets are also moving forward. He said, we have seen a big market fall in India but we believe it is temporary. We expect the pace to increase in the coming times.

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There are some other better markets like Indonesia and Vietnam. He praised many African countries and said that many such countries are doing well, but some countries like Mexico are not doing well. The IMF chief has cited slowing growth in productivity and low inflation as one of the risks facing the global economy.

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