IMF chief warns of 'risks' to global financial stability, but China showing signs of recovery | CNN Business

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The head of the International Monetary Fund called for greater vigilance over the global financial system during a speech in China in which she also pointed to “green shoots” emerging in the world’s second-largest economy.

The head of the International Monetary Fund called for greater vigilance over the global financial system during a speech in China on Sunday in which she also pointed to “green shoots” emerging in the world’s second-largest economy. “Risks to financial stability have increased,” IMF Managing Director Kristalina Georgieva said during remarks at the China Development Forum in Beijing.

Meanwhile, she reiterated an IMF projection that the world economy will see growth slow to just under 3% this year, due to continued fallout from the pandemic, the war in Ukraine and tighter monetary policies. That’s compared to the historic average of 3.8%, according to Georgieva, and down from 3.2% in 2022. But she also pointed to the emergence of “green shoots” in China, where the IMF expects the recently reopened economy to expand by 5.2% this year.

 

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