Real social movements have real economic impacts
On Monday, January 21st, the International Monetary Fund (IMF) urged world leaders to take steps to avoid discontent in society, saying there are “real concerns” at the opening of the World Economic Forum (WEF) in Davos. “I think that what is important is not to wait for an escalation of political risks but that political leaders are concerned to avoid such discontent with the way things work,” said the new IMF chief economist Gita Gopinath at a press conference. “These are real concerns that need to be addressed,” she added in response to a question about political risks and, in particular, the “yellow vests” movement.
Julien Moussavi, Head of Economic Research
Source: Beyond Ratings