[ad_1]
BEIJING, April 29, 2022 /PRNewswire/ — International Finance Forum (IFF) has kickstarted its 2022 spring meetings on April 27 in Beijing with the theme of “New Global Landscape: Challenges and Responses”.
Participated by global political and financial leaders such as the International Monetary Fund (IMF) and the Shanghai Cooperation Organization, the forum aims to discuss the challenges faced by the global community and how countries can work together to boost global economic governance through international cooperation.
In a keynote speech, Pierre-Olivier Gourinchas, Chief Economist of the International Monetary Fund, said the IMF has cut its global economic growth forecast to 3.6% for this year due to multiple adverse factors, and that the organization continued to hold a dim view on the global economic outlook.
Gourinchas noted that China’s Covid-19 containment measures have successfully put the number of deaths and infection cases under control over the past two years, ensuring stable operations of economic activities.
Now, the main challenge for the world’s second-largest economy is the relatively low vaccination rate among elders aged over 75, Gourinchas said, adding that improvement on vaccination coverage remains a key factor for global economic recovery.
Meanwhile, when it comes to issues brought by climate change, Zhou Xiaochuan, IFF Chairman and a former governor of the People’s Bank of China, said the financial sector should have the courage to take up certain responsibilities with measures to tackle related problems in financing and pricing. Building a unified carbon market is the best solution, Zhou added.
Azymbakiev Muratbek Abakirovich, Deputy Secretary-General of Shanghai Cooperation Organization, said that the world economy continues to face the fallout of the Covid-19 pandemic coupled with the rise of trade protectionism, hindering the sustainable and balanced growth of the economy.
In the post-pandemic era, stable economic growth could be…
[ad_2]
