IMF MANAGING DIRECTOR: MID TERM OUTLOOK FOR GLOBAL ECONOMIC GROWTH FAR BELOW HISTORICAL AVERAGEWASHINGTON, APRIL 11TH (XINHUA) -- INTERNATIONAL MONETARY FUND (IMF) MANAGING DIRECTOR GEORGIEVA STATED ON THE 11TH LOCAL TIME THAT THE IMF EXPECTS THE MEDIUM-TERM OUTLOOK FOR GLOBAL ECONOMIC GROWTH TO BE FAR BELOW THE HISTORICAL AVERAGE, ONLY SLIGHTLY ABOVE 3%.GEORGIEVA DELIVERED A SPEECH AT AN ONLINE EVENT HELD BY THE ATLANTIC COUNCIL, A THINK TANK IN THE UNITED STATES, STATING THAT BY HISTORICAL STANDARDS, GLOBAL ECONOMIC ACTIVITY IS WEAK; SINCE THE GLOBAL FINANCIAL CRISIS, THE PROSPECTS FOR ECONOMIC GROWTH HAVE BEEN INCREASINGLY WEAK. CURRENTLY, INFLATION HAS NOT BEEN COMPLETELY TAMED, FISCAL BUFFERS HAVE BEEN EXHAUSTED, AND DEBT LEVELS ARE RISING, POSING SIGNIFICANT CHALLENGES TO PUBLIC FINANCES IN MANY COUNTRIES.GEORGIEVA STATED THAT THE TRAUMA CAUSED BY THE PANDEMIC HAS NOT YET HEALED, WITH GLOBAL OUTPUT LOSSES OF APPROXIMATELY $3.3 TRILLION SINCE 2020, AND THE MOST VULNERABLE COUNTRIES BEARING TOO MUCH OF THESE LOSSES. IN ADDITION, THE GLOBAL ENVIRONMENT HAS BECOME MORE CHALLENGING, AND GEOPOLITICAL TENSIONS HAVE INCREASED THE RISK OF GLOBAL ECONOMIC FRAGMENTATION.GEORGIEVA ALSO POINTED OUT THAT ALTHOUGH THE MEDIUM-TERM OUTLOOK FOR GLOBAL ECONOMIC GROWTH IS WEAK, A GLOBAL ECONOMIC RECESSION HAS BEEN SUCCESSFULLY AVOIDED. DUE TO THE STRONG ECONOMIC GROWTH MOMENTUM IN THE UNITED STATES AND SEVERAL EMERGING MARKET ECONOMIES, GLOBAL ECONOMIC GROWTH HAS SLIGHTLY ACCELERATED THIS YEAR, WITH STRONG HOUSEHOLD CONSUMPTION EXPENDITURES, BUSINESS INVESTMENTS, AND RELIEF OF SUPPLY CHAIN ISSUES PLAYING A POSITIVE ROLE.GEORGIEVA ALSO STATED THAT IN ORDER TO AVOID HEADING TOWARDS THE "SLUGGISH GROWTH OF THE 1920S", COUNTRIES MUST TAKE MEASURES TO ACHIEVE TRANSFORMATION, INCLUDING RESTORING PRICE STABILITY, REBUILDING FISCAL BUFFERS, ACCELERATING ECONOMIC GREEN TRANSFORMATION, AND DIGITAL TRANSFORMATION. GEORGIEVA ALSO CALLED FOR COOPERATION AMONG COUNTRIES ON GLOBAL ISSUES. IN TODAY'S EVER-CHANGING AND TURBULENT WORLD, IT HAS BECOME UNPRECEDENTEDLY IMPORTANT TO UNITE COUNTRIES TO JOINTLY ADDRESS CHALLENGES AND SEEK OPPORTUNITIESTHE IMF AND WORLD BANK SPRING MEETINGS WILL BE HELD IN WASHINGTON FROM THE 15TH TO THE 20TH OF THIS MONTH, DURING WHICH THE IMF WILL RELEASE ITS LATEST WORLD ECONOMIC OUTLOOK REPORT.