Global Economic Growth – World’s trade tandem slows down

This week, policymakers will be reuniting with the International Monetary Fund and the World Bank to discuss the structure of global economic growth.   The lethargic economic expansion is a source of worry for all especially now, because global trade is slowly loosing breath.   International trade has long been a great support to the global economy, backing it in times of bleak financial crisis.   Today, despite China and Russia becoming more receptive to global trade and global supply chains becoming more inclusive, these measures are not enough to push economic growth.   Trade and cross-border financial flows will have to be made up for by policymakers if ever they shift on the reverse level because these factors contribute greatly in global growth.   Policymakers have to strive to find an exit plan soon in order to restore the smooth pace that global economic stabilisation can bring with the help of the World Trade Organisation.   The International Monetary Fund Chief Christine Lagarde has previously put into guard the wayward structure of major economies worldwide and the IMF had trimmed global growth outlook.   Source: Reuters
Priscilla Camryn By: Priscilla Camryn