Prospects for a recovery from the Covid-induced economic slowdown are uncertain and uneven, with some emerging economies and almost all low-income countries at risk of lower growth, International Monetary Fund Managing Director Kristalina Georgieva said on Tuesday. “It is time to double down so trade can be again the engine of growth and opportunities it has been for so, so long,” Georgieva said at an online event organised by the World Trade Organisation. Trade volumes could grow 8.5% this year and 6.5% next year, she added. “A rebound in trade, if managed well, can lift growth and living standards in the developing world,” Georgieva said.
Published in The Express Tribune, March 24th, 2021.
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