The Global Economy Will Grow By 2.5% In The Next 5 Years.

The International Monetary Fund (IMF) recently released the global economic forecast report that the global economy will grow by 2.5% in the next 5 years.

At the request of the group of twenty (G20), IMF recently predicted the global economic growth in the next 5 years. IMF pointed out that if developed economies increase the intensity of the budget deficit reduction, emerging Economics Taking more positive measures to promote domestic consumption, the next 5 years Economics It will achieve an increase of 2.5%. IMF also said that the US and similar developed economies with a larger trade deficit would increase their deficit by 3% over the next 5 years. IMF suggests that these economies should reduce import consumption and increase national savings over the next few years.

In order to reduce budget cuts, it may be right. Economics As a result of the drag, IMF suggested that the developed economies should reform the tax and fee system. Although this may result in a short-term decline in economic growth, the long-term improvement of investment and employment environment will play a positive role in promoting economic development. For large emerging economies, IMF recommends that domestic priority projects should be increased, including health care, infrastructure and poverty alleviation.

The IMF global economic growth forecast report is part of G20's rebalancing of global economic policy. According to IMF's assumption, G20 countries will be divided into several groups, namely, developed countries with trade deficits, European countries with trade surpluses, and emerging countries with trade surplus. At the next G20 summit to be held in Seoul, South Korea in November, IMF may provide more detailed analysis of individual countries.

IMF said that the global economy will achieve balanced and sustainable growth on the basis of good economic policy expectations. But at the same time, IMF also said that how to make sustainable growth of the global economy when the import consumption of developed economies can not return to the level before the recession will be an important issue facing the decision-makers of the world economy.