Monday, January 22, 2018 5.00PM / Proshare WebTV
global political and business leaders gather in Davos-Klosters, Switzerland for
the 2018 edition of the World Economic Forum, the International Monetary Fund
Managing Director Christine Lagarde in the first ever world economic outlook on
the eve of the summit engaged the media on the state of the global economy.
asserted said "Global growth has been accelerating since 2016, and
all signs point to a continuing strengthening of this growth". This is why she has
charged global political leaders to guard against the risk of complacency in
the management of their economies.
believes it is good news that the global economic growth is on positive
trajectory, but makes a strong case for the inclusiveness of the economies.
According to her “ About one-fifth
of developing and emerging economies saw their per capita income decline in
The current she stressed remains
cyclical and this is the reason why proactive measures must be taken in driving
She pointed out that there is also
uncertainty in the year ahead, due to public sector vulnerability and a troubling
increase in debt in many countries.
"It is when the sun is
shining that you want to repair the roof," says Lagarde. Despite the heavy
snow in Davos, now is the time for world leaders to fix their roof..
Speaking further on the theme of
the Davos 2018 summit “Creating a Shared Future in a Fractured World” the IMF
MD gave three areas the shared future can be achieved.
Firstly , shared growth were
policy makers should use these circumstances to make the structural or fiscal
reforms that are too hard to make in more difficult times.
Secondly, shared opportunities
that will lead to inclusive growth, particularly in the area of human capital
development and skills for a tech driven globe. Which also encourages women
participation in all spheres.
Finally, shared global
responsibilities that will drive global collaboration to fight corruption,
improve conditions for trade, stop tax evasion and prevent catastrophic climate
1. FY 2018
Outlook - A Rising Tide
Outlook 2018 - The Silver Lining?
Improvements in Frontier Market Growth
Research Forecasts a GDP Growth Rate of 3.16% in 2018
5. World Bank
Projects 2.5% Growth for Nigeria in 2018
Monetary Fund Revises Nigeria’s Gross Domestic Product Growth Upwards
Parliament Resolution on Nigeria