Reported about 1 month ago
IMF chief economist Pierre-Olivier Gourinchas emphasizes the need for a 'triple pivot' in the global economy post-inflation. This includes cutting interest rates, rebuilding fiscal buffers due to high debt levels, and boosting economic growth, particularly in countries like China and Europe where productivity is lagging. Despite a resilient economy returning to central bank inflation targets, Gourinchas advocates for innovation investments to foster improvement.
Source: YAHOO