VOI - Voice of Indonesia | RRI - Radio Republik Indonesia

The 50th World Economic Forum in 2020 has been opened and runs from 21 to 24 January 2020 in Davos, Switzerland, with the theme Stakeholders for a Cohesive and Sustainable World. During a World Economic Forum 2020 press conference, Tuesday (01/21/20) in Davos, Switzerland, Executive Director of the International Monetary Fund (IMF), Kristalina Georgieva, said global economic growth was expected to improve.

"After a synchronized slowdown in 2019 we expect a moderate pickup in global growth this year and next. We have seen some tentative signs of stabilization recent data suggest that trade and industrial output are bottoming out but we have not reached a turning point yet. Moreover we are revising slightly downward. Our October projection for 2019 as well as for 2020, 2021. The reality is that global growth remains sluggish and when it is sluggish this is on the way for countries to be able to boost incomes and living standards. And above all we're adjusting to live normal of higher uncertainty," said Kristalina Georgieva. 

As quoted from the World Economic Forum, Executive Director of the International Monetary Fund (IMF), Kristalina Georgieva added the declining global economic impact was not only caused by politics but also extreme climate disasters,such as bushfires and droughts occuring in Australia for some time.

The 2020 World Economic Forum brings together 3,000 participants from all over the world, and aims to give concrete meaning to "stakeholder capitalism", assist governments and international institutions in tracking progress towards the Paris Agreement and Sustainable Development Goals, and facilitate discussions on technology and trade governance // (VOI / NK / AHM)