IMF Supports Global Economic Growth Forecast by 3.9% in 2018-2019
Managing Director of the International Monetary Fund Christine Lagarde spoke at a conference in Jakarta and noted that the IMF supports the January forecast of world economic growth by 3.9% during 2018 and 2019. She also stressed that the Governments of the countries of the Association of Southeast Asian Nations (ASEAN) need to be vigilant because of the effects of financial stability, unsustainable capital flows due to higher rates.
In her speech, the IMF chairman also said that global growth risks have intensified due to trade disputes, technology changes, and the normalization of monetary policy. ASEAN governments should learn new growth models and technologies to pay more attention to domestic demand, regional trade, and export diversification.
Christine Lagarde also touched on the employment problem, saying that many jobs will be affected one way or another. Some of them will disappear, but many more will be affected because of automation. So that, it was important for countries to boost efforts to educate workers to better prepare them to take advantage of new technologies.