The peak of the IMF: the return of recession in the euro area very dangerous for Polish – Polish Radio

The peak of the IMF: the return of recession in the euro area very dangerous for Polish – Polish Radio

  Before disregard for danger in Washington warned the head of the International Monetary Fund Christine Lagarde. , photo: PAP / EPA / Stephen Jaffe
 

In a report published a few days before the summit, the International Monetary Fund lowered growth forecasts for both emerging markets and developed countries. The exception is the United States that have developed faster than expected. However, even in America, the growth rate is not staggering, because this year is expected to reach 2.2 percent.

The IMF wants to stimulation

What to do to speed up economic growth in the world; how to get Europe to stimulate the economy more? These are the questions faced by the participants started at Washington summit of the International Monetary Fund.
to the fact that the world economy slows down, all participants agree to the summit. The differences are how to counteract this slowdown. Representatives of the IMF clearly say that it is necessary to stimulate the European economy, where growth is puny. This could be done by loosening monetary policy and increased government spending on investment. On the sidelines of the summit says that it is necessary to increase the pressure on Germany, which previously opposed the enlargement of public debt. Without the consent of Berlin to create a European economic stimulus package is not possible. So far, Germany is not willing to change its policy. While in Washington, Minister of Finance of the country Wolfgank Schaeuble said he can not risk the financial stability of Europe for actions that would not bring long-term acceleration of economic growth.

Polish suffer a recession in the euro zone

BZ WBK economist Piotr Bielski acknowledges that the information from many European economies are disappointing. Probably one of the reasons is the conflict of Western countries with Russia and mutual economic sanctions that negatively affected the mood of the world.
expert stresses that if the euro zone economy will shrink, I’m sure it will feel Poland, which is particularly strongly linked to the German market.
The summit IMF in Washington want the governments of countries with stable financial situation no longer so much to tighten their belts and take action to stimulate the economy – for example by increasing public spending on infrastructure.
This appeal relates, inter alia, Germany, which are reluctant widening budget deficit.

The recession in the euro area dangerous for Polish

Chief Economist of PKO BP Piotr Bujak stresses that Poland’s economy is closely linked with the countries of the eurozone, which gets more than half of our exports. The expert adds that the banks do not want to grant more loans, and consumers and businesses do not wish to incur. Therefore, it is necessary to look for new ways to boost the European economy, including through greater spending on investment.

The summit IMF in Washington want the governments of countries with stable financial situation no longer so much to tighten their belts and take measures to stimulate the economy – for example by increasing public spending on infrastructure. This appeal relates, inter alia, Germany, which are reluctant widening budget deficit.

IAR, abo