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| Economic Counselor and Director of the Research Department of the International Monetary Fund (IMF), Olivier Blanchard. (Photo: doc.) |
JAKARTA --- The experts of the International Monetary Fund (IMF) said the global economy will be very moderate increase in the level of 3.5 per cent this year.
According to the Economic Advisor and Director of the Research Department of the International Monetary Fund (IMF), Olivier Blanchard, developed countries like the US economy will grow slightly faster, while developing countries will grow a little more slowly.
Blanchard's view, the economic picture is complicated by the decline in oil prices, a major change in the value of the currency, and the high level of debt as well as other issues that are the result of the recession.
IMF experts say, oil importers such as the United States, Europe, China, and India will spend less money on energy, and use it for other things, which will help economic growth. Oil exporters will be harmed as a result of lower oil prices, but many countries have a cash reserve in significant quantities, which means they do not have to reduce spending as much if they do not have cash reserves.
Blanchard further mengungkakan, increasing the value of the dollar means that the US-made products more expensive in global markets, and may hurt US exports and restrict the growth of the world's largest economy.
According to him, the dollar exchange rate increases, because US interest rates are expected to rise. It was thought would make US assets more attractive to investors. The euro area and Japan has cut interest rates in their efforts to boost economic growth, and that is why the value of their currencies against the dollar decreases.
The economic assessment of the birth, when the economic officials from around the world gathered in Washington this week to meet with the IMF and the World Bank.
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