Remarks by the Managing Director Kristalina Georgieva at the China Development Forum
Distinguished guests, Ladies and gentlemen— zao shang hao!
I would like to thank our hosts for inviting me to contribute to the discussion on China’s continuous development, at the start of what is shaping up to be a consequential Year of the Dragon, for the world economy and for China.
The global economy
For the world, the year ahead will require careful calibration of monetary and fiscal policies to secure a soft landing — bringing inflation down while maintaining growth firmly in positive territory. Many central banks have the difficult task of deciding when to cut interest rates and by how much, based on data. They can no longer take cues from others as both the pace of disinflation and growth are diverging across countries.
It will be also a challenging year for fiscal authorities…
