Welcome and thank you all for coming today. This is the first time that the World Economic Outlook Update has been launched at Davos and I want to thank Klaus Schwab and the WEF for hosting us this year.
In a moment Nike Air VaporMax Plus Uomo Nere Italia , I will introduce the IMF鈥檚 Chief Economist Maury Obstfeld and his team to walk us through the WEO, but first I want to give a brief overview:
Global growth has been accelerating since mid-2016, and all signs point to a further strengthening both this year and next. This is very welcome news.
Perhaps, being here in January Nike Air Vapormax CS Nere Uomo Italia , we might be tempted to think of the words of the poet William Blake who said, 鈥淚n winter, enjoy.鈥?But that kind of complacency would be a mistake. We certainly should feel encouraged, yet we should not feel satisfied. Why?
There are still far too many people left out from the recovery. In fact Nike Vapormax Flyknit Uomo Grigie Italia , about one fifth of emerging markets and developing countries saw their per capita incomes decline in 2017. At the same time, while growth is higher, it is mostly cyclical. Absent reforms, the fundamental forces that had us worried about the 鈥渘ew mediocre鈥?鈥?and future growth potential 鈥?will remain in place. There is also significant uncertainty in the year ahead. The long period of low interest rates has led to a buildup of potentially serious financial sector vulnerabilities. We are seeing a troubling increase in debt across many countries and we need to remain watchful. As I have been saying recently Nike Vapormax Flyknit Light Violet Donne , the time to repair the roof is when the sun is shining.
This week is a perfect opportunity for world leaders to focus on those repairs. The theme of this year鈥檚 WEF annual meeting is: 鈥?Creating a shared future in a fractured world.鈥?Let me outline how I believe we can reach this shared future, together:
Shared Growth. Policymakers should use this moment to make the difficult structural and fiscal reforms that might not happen otherwise. This means taking steps to boost long-term growth, paying down debt in places where it is too high, and in other places Nike Air VaporMax Flyknit Blu Orbit Italia Uomo , investing back into the economy through infrastructure and effective social spending. Shared Opportunity. Growth needs to be more inclusive, not only across countries but also within them. Some areas of focus include training for workers displaced by automation, new opportunities for young people, and bringing more women into the labor force. Shared Global Responsibility. We need robust international cooperation if we are going to tackle shared problems 鈥?including fighting corruption Nike Air VaporMax Flyknit Uomo Nere Icy Blu , improving the international trading system, tackling tax evasion, and addressing climate change. In conclusion, we should certainly appreciate this season of broad-based growth momentum. But we should also use this time to find lasting solutions to the challenges facing the global economy in 2018.
Total Views: 34Word Count: 457See All articles From Author Does High PSA Level Prevent Prostate Cancer?
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In fact Nike Air VaporMax Moc 2 Donne University Oro Nere , increased PSA level is a matter of concern and worry. In some cases, even at the occurrence of cancer, PSA levels are normal. This situation is often misguiding and leads to a serious condition. Here, detection of cancer becomes impossible without advanced symptoms. This state keeps patients and doctors in total darkness about the existence of prostate cancer. In addition to this Off-White X Nike Vapormax Nere Bianche , some scientists believe that there is a mutation in the genes that can cause enormous growth of cancerous cells. However, PSA counts help to begin the process for accurate detection of cancer and subsequent course of treatment.
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