di Cristine Lagarde da imf.org
The good news is that, after six years of disappointing growth, the world economy is gaining momentum as a cyclical recovery holds out the promise of more jobs, higher incomes, and greater prosperity going forward.
But just as we see this momentum unfolding, we also see—at least in some advanced economies—doubts about the benefits of economic integration, about the very “architecture” that has underpinned the world economy for more than seven decades.
These issues will be on the minds of finance ministers and central bankers from the IMF’s 189 member countries when they meet in Washington next week for our Spring Meetings.
They will assess the state of the global economy and, as usual, we will release our World Economic Outlook a few days before the meeting. Today, I will touch on some broad trends….
Let me conclude by returning to architecture and the three principles proposed by the great Roman architect Vitruvius:
Durability —it should stand up robustly and remain in good condition;
Utility —it should be useful and function well for the people using it; and,
Beauty —it should delight people and raise their spirits.
Let us be good architects.
Together let us build a more resilient and inclusive global economy.