[IMF President: The global economic outlook still faces high uncertainty] September 2nd, International Monetary Fund (IMF) President Georgieva delivered a speech at the G20 Finance Ministers and Central Bank Governors Meeting on September 1st, saying that behind this year’s expected 3% growth rate of the global economy is a serious differentiation of growth, and the growth prospects still face high uncertainty. Higher bond yields in advanced economies are pushing up global interest rates, which is worrying. Georgieva said global public sector debt is approaching 100% of gross domestic product (GDP), which has exceeded post-World War II highs and is expected to rise further. The decline in inflation in many countries has stalled, increasing fiscal pressure is pushing up core bond yields, and the interaction between fiscal and monetary policies is worrying the market. Finally, the future impact of AI on productivity and financial stability remains unknown. Georgieva said the continued rise in global interest rates was particularly worrying. Bond yields in major developed economies have risen to multi-year highs, driving a general rise in global financing costs. Although interest rate differentials between some emerging markets and developed economies have narrowed, this benefit has been offset by increased financing costs brought about by rising global benchmark interest rates.