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Bloomberg Surveillance
ECB's Lagarde, IMF's Gopinath, WTO's Okonjo-Iweala at Marrakech
Oct 13, 2023
ECB President Lagarde, IMF First Deputy Managing Director Gopinath, and WTO Director General Okonjo-Iweala discuss the global economic outlook, trade policy, the green transition, opportunities and challenges for economic growth in Africa, harnessing the potential of young people, and global economy discussions including local currency markets.
43:16
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Quick takeaways
- The IMF presents a mixed outlook for the global economy, highlighting both resilience and concerns about weak growth and inflation.
- The WTO emphasizes the importance of maintaining open trade, diversifying supply chains, and fostering re-globalization to achieve resilience and combat climate change.
Deep dives
Mixed outlook with resilience and weak growth
The IMF presents a mixed outlook for the global economy. On one hand, there is resilience with tight labor markets, decreased inflation, and a stable financial system. On the other hand, there are concerns about weak growth in the medium term, with projected growth below the long-term average. Inflation remains a challenge, particularly in services. The world also faces geopolitical risks, such as conflicts in the Middle East and high oil prices. Policymakers need to carefully monitor these factors.
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