Written by Christian Kramer
BERLIN (Reuters) – German government officials said the International Monetary Fund forecast to be released later on Tuesday said the risk of a global recession has been largely averted but growth will be modest. He said it would be.
“The global economy is growing, but it's not growing very dynamically. In other places like here, it's not growing at all,” one of the people said.
Therefore, structural reforms are needed, they added.
“Over the medium term, the outlook for global growth is also unsatisfactorily low,'' a source said.
The IMF Spring Meetings, to be held this week in Washington, D.C., come at a difficult time, exacerbated by the recent Iranian attack on Israel.
In between meetings, G20 finance ministers and central bank governors will hold two meetings, each focused on one topic.
Wednesday night will discuss climate finance, followed by a meeting on Thursday morning on strengthening multilateral development banks.
Officials said no communiqué was planned.
German Finance Minister Christian Lindner and Deutsche Bundesbank President Joachim Nagel called on the IMF to refocus on its core mission in a co-authored guest editorial published Tuesday in Germany's Handelsblatt newspaper. Ta.
“Financing development policy agendas is not the IMF's primary mission, but rather should be left to institutions such as the World Bank,” Lindner and Nagel wrote ahead of the spring meetings.
(Reporting by Christian Kramer; Writing by Maria Martinez and Miranda Murray; Editing by Rachel More)
