Kristalina Georgieva
Good morning—and a very warm welcome to everyone! And thank you again, Maria, for your kind introduction.
Six months ago, in this very place, I spoke of low growth and high debt. But I also spoke of resilience—countries surviving large shocks thanks to strong fundamentals and agile policies.
This resilience is being tested again—by the reboot of the global trading system.
Financial market volatility is up. And trade policy uncertainty is literally off the charts.
As trade tensions flared, global stock prices dropped, even if many valuations remain high—here we have a snapshot of the market action.
This is a reminder that we live in a world of sudden and sweeping shifts.
And it is a call to respond wisely. A better balanced, more resilient world economy is within reach. We must act to secure it.
So let me lay out the story by addressing three basic questions. What is the context? What are the consequences? And most importantly, what can countries do?
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