Uncertainty about the US election looms over the market, and the IMF warns that the world faces the risk of low growth and high debt
the International Monetary Fund (IMF) President Kristalina Georgieva warned on the 24th that the world is in danger of falling into a low-growth, high-debt path, which will reduce resources for governments to improve their people's opportunities, respond to climate change and other challenges. The upcoming US presidential election on November 5th has raised concerns that Americans under Democratic President Biden's administration may face high inflation stimulation, which could lead to Republican candidate Trump returning to the White House and opening a new era of trade protectionism and increasing US debt by trillions of dollars. The IMF stated in its latest European Economic Outlook report that aging labor force and slow productivity growth will reduce the average annual GDP growth rate of the European continent to only 1.45% in the decade leading up to 2029. (CCTV News)
