IMF: Countries should enhance resilience and promote medium-term growth.
IMF First Deputy Managing Director Gopinath stated that in the face of continuing downside risks and high uncertainty, policymakers around the world should focus on addressing trade tensions and implementing macroeconomic policies to address potential domestic imbalances. This includes restoring fiscal space and ensuring debt is at sustainable levels. To maintain price and financial stability, monetary policy must be carefully calibrated based on each country's specific circumstances, and there should be clear and consistent communication. Central bank independence must be protected. Structural reforms remain crucial for enhancing productivity, supporting job creation, harnessing new technologies, and promoting medium-term growth to offset demographic changes.
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