Davos: The IMF chief, Kristalina Georgieva, said that the slowdown in Indian economy is only temporary and expects to become better in the coming future. She was speaking at the World Economic Forum (WEF), 2020, at Davos, when she made this comment.
She said that the world is a better place in January of 2020 when compared with the October, 2019, when the IMF gave the World Economic Outlook in October, 2019. The World Economic Outlook had projected a much bleaker situation in the world economy and India.
The chief of the IMF said, “We had a downgrade in one large market India but we believe that’s temporary. We expect momentum to improve further going ahead.”
Concerning the world economy, Kristalina Georgieva, said that the factors driving the positive momentum includes the receding trade war between the US and China and the synchronised tax cuts. However, she wanted fiscal policies to be more aggressive and structural reforms more dynamism for the world economy to be more positive.
