The fund is concerned about the sharp decrease of global capital and trade flows.
The International Monetary Fund warns about growing “risks of economic collapse” in the world, Correspondent.net reports.
The IMF First Deputy Managing Director David Lipton, giving the speech during the session of the National Association of Business Economy, stated that the global economy is really “in difficult situation”.
He noted that world politicians should take urgent measures in response to the slowdown of economic growth and new threats, created by fluctuations of raw material and financial markets.
Lipton noted that the sharp decrease of global capital and trade flows for the last year is among the disconcerting factors.
These threats were confirmed by China’s statistical data, published on the eve. According to the data of the Main Customs Administration of the country, the volume of Chinese export in February 2016 plummeted by 25.4% after the decrease by 11.2% in January, having demonstrated the considerable drop since the beginning of 2009.
The import reduction continued for the 16th month in a row, slowing down in February to 13.8% from 18.8% in January.
According to Lipton, the global economy came to that point, when the new recession can become the reality, if countries do not take measures for stimulating demand.
The specific concerns are caused by the feeling on financial markets that “the authorities of many countries almost exhausted opportunities for taking necessary measures or lost determination, necessary for their implementation”, he said.
Previously IMF stated that it sees the signals of further weakening of global economic upturn and in April it can decrease the forecast of global GPD growth for 2016, which is currently equal to 3.4.
It should be noted that last week the Ministry of Economy of Ukraine worsened the forecast on the country’s GDP. According to expectations of the Ministry, in the 1st half of 2016 the forecast was decreased from 1% to 0%.
