Uncertainty over the U.S. election looms over the market, IMF warns of global risks from low growth and high debt
According to Reuters, Kristalina Georgieva, the president of the International Monetary Fund (IMF), warned on the 24th that there is a risk of the world falling into a path of low growth and high debt. This would reduce resources available for governments to improve opportunities for their people, address climate change and other challenges. The upcoming U.S. presidential election on November 5 has raised concerns that Americans stimulated by high inflation during Democratic President Biden's term may allow Republican candidate Trump to return to the White House, thereby ushering in an era of trade protectionism policies and adding trillions more dollars to U.S. debt. In its latest European Economic Outlook report, IMF stated that aging labor force and slow productivity growth will reduce Europe's average annual GDP growth rate over the decade ending in 2029 to just 1.45%.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
BlackRock's Ethereum ETF holdings have surpassed 440,000 ETH as of this week
Analysis: Sei EVM has added over 800,000 new users in the past 30 days, an increase of 34%
Cryptocurrency ETFs occupy 14 of the top 30 newly issued ETFs in 2024
Bitwise CEO: The whole universe wants SOL to return above $200