• Home
  • About Us
  • Contact Us
  • Privacy Policy
  • Terms and Conditions
Wednesday, July 2, 2025
Emerald News Nigeria
  • Home
  • Inside Delta
  • Health
  • Politics
  • Crime
  • Economy
  • Education
  • Relationship
  • Special Report
No Result
View All Result
  • Home
  • Inside Delta
  • Health
  • Politics
  • Crime
  • Economy
  • Education
  • Relationship
  • Special Report
No Result
View All Result
Emerald News Nigeria
No Result
View All Result

See the risks to world finance stability according to International Monetary Fund

by Emerald Nigeria
March 26, 2023
in Economy
ShareTweetShareShare

International Monetary Fund chief Kristalina Georgieva says that risks to financial stability had increased, stressing “the need for vigilance” following the recent turmoil in the banking sector.

 

Speaking at a forum in Beijing, the IMF managing director said she expected 2023 “to be another challenging year”, with global growth slowing to below 3.0 percent due the war in Ukraine, monetary tightening and “scarring” from the pandemic.

“Uncertainties are exceptionally high,” with the outlook for the global economy likely to remain weak over the medium term, she told the China Development Forum.

 

“It is also clear that risks to financial stability have increased,” she added.

Also Read:

Omo-Agege blames economic hardship on Tinubu’s administration

Apple hits $3 Trillion market value, setting new record

“We give Tinubu to Nigeria as a gift” – says Sanwo-Olu

ECONOMY: World Bank shares tips which Tinubu can use to improve Nigerians financial distress

“At a time of higher debt levels, the rapid transition from a prolonged period of low interest rates to much higher rates — necessary to fight inflation — inevitably generates stresses and vulnerabilities, as evidenced by recent developments in the banking sector in some advanced economies.”

Her comments came after the financial sector was shaken by the collapse of Silicon Valley Bank and the enforced takeover of Swiss bank Credit Suisse by rival UBS, leading to fears of contagion.

 

Bank shares tumbled on Friday as fears about the health of the financial sector resurfaced, with German Chancellor Olaf Scholz forced to give reassurances about Deutsche Bank after the long-troubled lender became a focus of investor concerns.

 

Georgieva said policymakers had acted decisively in response to financial stability risks.

“These actions have eased market stress to some extent, but uncertainty is high which underscores the need for vigilance,” she said.

 

The IMF chief, however, pointed to China’s rebound as a bright spot for the world economy.

The IMF forecasts China’s economy to grow 5.2 percent this year, driven by a rebound in private consumption as the country reopens after its pandemic isolation.

 

“The robust rebound means China is set to account for around one third of global growth in 2023 — giving a welcome lift to the world economy,” she said.

 

“A 1.0 percentage point increase in GDP growth in China leads to 0.3 percentage point increase in growth in other Asian economies, on average — a welcome boost.”

Georgieva urged China’s policymakers to seek to raise productivity and rebalance the economy away from investment and towards more durable consumption-driven growth.

 

“Market-oriented reforms to level the playing field between the private sector and state-owned enterprises, together with investments in education, would significantly lift the economy’s productive capacity,” she said

 

Source: Vanguard
Tags: EconomyfinanceFinancial aidIMFInternational Monetary fundWorld finance
ShareTweetShareSend
Previous Post

Delta guber: PDP chieftain Oguma appreciates Deltans for voting Sheriff Oborevwori

Next Post

National Census new date confirmed by Federal Government

Related Posts

Strategic Representation: Senator Nwoko Secures Federal Appointments Across Key Sectors for Constituents

Strategic Representation: Senator Nwoko Secures Federal Appointments Across Key Sectors for Constituents

July 1, 2025
Nigeria’s Crude Oil Output Surges Past 1.7 Million Barrels Per Day, Thanks to Tantita Security Operations

Nigeria’s Crude Oil Output Surges Past 1.7 Million Barrels Per Day, Thanks to Tantita Security Operations

June 29, 2025
Senator Nwoko to establish ICT centre in Issele-Mkpitime as Obi applauds his commitment to community development

Senator Nwoko to establish ICT centre in Issele-Mkpitime as Obi applauds his commitment to community development

June 8, 2025
AirPeace Passenger Recounts Ordeal as Abuja-Asaba Flight Faces Multiple Delays, On-Ground Incident

AirPeace Passenger Recounts Ordeal as Abuja-Asaba Flight Faces Multiple Delays, On-Ground Incident

June 7, 2025
JUST IN: No past governor will go without full investigation – EFCC

Delta Host Communities Demand EFCC Probe of N1.3 Trillion 13% Oil Derivation Funds

June 5, 2025
Federal Government Distributes 3,500 Life Jackets in Delta State to Boost Waterway Safety

Federal Government Distributes 3,500 Life Jackets in Delta State to Boost Waterway Safety

June 2, 2025
Next Post
National Census new date confirmed by Federal Government

National Census new date confirmed by Federal Government

Trending

  • (Watch Video): Leaked S3x tape of another Nigerian celebrity is shared online, victim reacts as her video goes viral

    (Watch Video): Leaked S3x tape of another Nigerian celebrity is shared online, victim reacts as her video goes viral

    0 shares
    Share 0 Tweet 0
  • Senator Nwoko wins big as 85 Senators endorse creation of Anioma state ahead of July 4 public hearing

    0 shares
    Share 0 Tweet 0
  • You misrepresented facts in your press interview – APC chieftain replies Festus Okubor

    0 shares
    Share 0 Tweet 0
  • Bridging the Digital Divide: First Lady, NDDC, RHI Champion Tech Access for Delta Students

    0 shares
    Share 0 Tweet 0
  • We Will Celebrate His Life, Mourn His Death – Mayor of Urhoboland Commiserates with Dantata Family

    0 shares
    Share 0 Tweet 0
  • Waziri Adamawa Title: Mayor Akpodoro expresses concern, worries over Atiku’s indigeneship

    0 shares
    Share 0 Tweet 0
  • Injustices done to Africa must be restituted by colonial masters – Ned Nwoko says

    0 shares
    Share 0 Tweet 0
  • Delta First Lady Extends Food Outreach to 400 Households Under Renewed Hope Initiative

    0 shares
    Share 0 Tweet 0
  • You’ve been a pillar of support to our people – Senator Nwoko celebrates Dein of Agbor at 48

    0 shares
    Share 0 Tweet 0
  • A Senator Who Shows Up: Ned Nwoko’s Groundbreaking Constituency Leadership

    0 shares
    Share 0 Tweet 0

Latest Stories

ANTI-OPEN GRAZING LAW: Delta Activist Mulade Laments Non-Implementation, Says State Government Lacks Political Will After 4 Years of Passage

July 2, 2025

Strategic Representation: Senator Nwoko Secures Federal Appointments Across Key Sectors for Constituents

July 1, 2025

Senator Nwoko wins big as 85 Senators endorse creation of Anioma state ahead of July 4 public hearing

July 1, 2025

Senator Ned Nwoko Champions New Era for Nollywood at AGN Secretariat Launch

June 30, 2025

You’ve been a pillar of support to our people – Senator Nwoko celebrates Dein of Agbor at 48

June 30, 2025

Anambra Poised to Become West Africa’s Tech Hub — Governor Soludo

June 29, 2025

Nigeria’s Crude Oil Output Surges Past 1.7 Million Barrels Per Day, Thanks to Tantita Security Operations

June 29, 2025

Resignation: Respect Ganduje’s decision, it was made in good faith – Akpodoro tells critics

June 29, 2025

We Will Celebrate His Life, Mourn His Death – Mayor of Urhoboland Commiserates with Dantata Family

June 29, 2025

You misrepresented facts in your press interview – APC chieftain replies Festus Okubor

June 28, 2025
  • Home
  • About Us
  • Contact Us
  • Privacy Policy
  • Terms and Conditions

© 2024 Emerald News Nigeria.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In

Add New Playlist

No Result
View All Result
  • Emerald News Nigeria
  • Inside Delta
    • Niger Delta
  • Politics
  • Economy
  • Crime
  • Education
  • Health
  • Entertainment
  • Relationship
  • Special Report

© 2024 Emerald News Nigeria.