President of IMF: IMF predicts that China's contribution to the global economic growth will exceed 25% by 2026

The International Financial Forum (IFF) 2021 spring meeting was held in Beijing from 29th-30th May. Kristalina Georgieva, President of the International Monetary Fund, attended and delivered a speech.

Kristalina Georgieva said in her speech that the IMF raised its global growth forecast for 2021 and 2022 to 6% and 4.4%, "because people are gradually adapting to the new way of working, the scope of vaccination is expanding, and the countries continue to provide policy support, the prospects for economic growth are improving. Unconventional policies and measures have avoided worse results for the global economy. Without these measures, the global economy would have shrunk three times as much as it did last year. " She said.

She stressed that IMF had raised China's growth forecast to 8.4% this year, thanks to stronger net exports. IMF also predicts that China's average contribution to the global economic growth will exceed 25% from now till 2026.

"Therefore, the global economy is indeed recovering, but the path and pace of recovery are showing a very dangerous differentiation. A few developed and emerging market economic entities have strong recovery momentum, while poor countries lag behind, mainly because of their limited policy space and vaccine coverage. " Kristalina Georgieva said.