What they say
“Global growth is expected to accelerate to 2.7 percent this year, which is encouraging. But we believe the economic recovery is fragile. There are serious challenges from the rise of trade protectionism. The global cooperation is becoming more and more important.” Jim Yong Kim, World Bank Group president “In our forecast for China, we have upgraded our forecast . ... Why did we upgrade? It reflects clearly a stronger global momentum and China’s own commitment to achieving its growth targets.” Christine Lagarde, International Monetary Fund managing director “Human resources are China’s most valuable asset. Therefore, maintaining a high employment level is fundamentally “Structural reform must be pursued with greater vigor. We have to uphold the multilateral regime. Free trade is a very good medicine for the crisis. Exports don’t reduce jobs, but actually multiply them. Trade imbalances cannot be the reason to reduce trade.”
Angel Gurria, Organization for Economic Cooperation and Development secretary-general “In the last decade since the financial crisis began, the G20 countries have been working to build a new global financial system, safer, simpler and fairer. This is the benefit of the results. The real economy has benefited from the radical financial reforms. Credit is growing in all major economies while the costs remain low.” Mark Carney, G20 Financial Stability Board chairman