The global economy has proved more resistant to the expected despite acute pressures from multiple shocks, the head of the International Monetary Fund said Wednesday, foreseen only one A slight slowdown in global development this year and 2026.

OR IMF Director, Cristalina Georgievastated that US economy avoided a recession that were scared by many experts just six months ago. The US economy and many others have endured, thanks to better policies, a more customizable private sector, less strict import duties than they were afraid of – at least for the time being – and supporting economic conditions, according to an event at the Milken Institute in Washington.

“We see global growth slowly slowly slow down this year and time. All signs show a global economy that has generally withstood the acute pressures of multiple shocks, “Georgieva said in a preview of the upcoming IMF’s upcoming global economic prospects.

In July, the IMF increased its forecast for global growth by 0.2 of the percentage percentage to 3.0% for 2025 and by 0.1 of the percentage point to 3.1% for 2026.

The global economy is doing “better than it was scared, but worse than it needed,” said Georgieva, noting that the IMF was forecasting worldwide growth about 3% in the medium term, well below the 3.7% prediction before the Covid-19 pandemic.

Georgieva cited deeply underlying streams of marginalization, discontent and difficulties around the world and said the global economy is facing a number of dangers.

Uncertainty is at extremely high levels and continues to grow, while the demand for gold – a traditional secure refuge for investors – is growing, Georgieva said, adding that monetary gold stocks now exceed 20% of official world stocks.

“Tie your belts,” said Georgieva, adding, “uncertainty is the new regularity and came to stay.”

Warns of debt levels

The IMF chief urged countries to constantly enhance growth By enhancing private sector productivity, Unifying fiscal spending and tackling excessive imbalances, allowing them to rebuild their stocks to prepare for the next crisis.

Global public debt is expected to exceed 100% of GDP by 2029, Georgieva said.

To Asiacountries must deepen trade and make reforms for the strengthening the service sector, said Georgieva. An attempt to reduce non -tariff barriers and enhance regional integration could increase the gross domestic product by 1.8% in the long run.

To Sub -Saharan Africa, Business -friendly reforms could strengthen the actual GDP of the Middle African country by more than 10%. Europe should proceed to building a single market, Which could help her to cover up the dynamism of the US private sector, he said.

The USA should take on ‘constant action’ to reduce their federal debtas the ratio of debt to GDP is on the orbit of exceeding the highest level after World War II, Georgieva said. They should also work to enhance the savings of households, such as through favorable treatment of pension savings.

OR China He also has a job to do, including her reinforcement of budget spendingOn social security nets and the liquidation of the real estate sector, while at the same time reducing spending on industrial policy initiatives, he said.