Summarize this content to 2000 words in 6 paragraphs in Arabic
\n Three things are holding Europe back: the absence of a capital markets union, investments not going to the most productive firms and energy costs, the managing director of the IMF told Euronews.
\n ADVERTISEMENTDespite a positive global outlook, the horizon for the global economy is riven with uncertainties, but the EU should stick fast to improving its single market to boost competitiveness, the managing director of the International Monetary Fund (IMF) told Euronews in Davos.Kristalina Georgieva started with some good news at the World Economic Forum in Davos, Switzerland – during a special edition of the Europe Conversation – the world economy is on the rise and inflation is going down.\u00a0\u201cThe world economy is growing steadily. We predict 3.3% growth this year, 3.3% growth next year. Inflation is going down. Not yet\u00a0to\u00a0target, but close. And that has been done with interest rates going up and yet the economy not falling into recession,\u201d\u00a0Kristalina Georgieva told Euronews\u00a0in Davos.\u00a0\u2018Sleeping beauty\u2019But \u201ctremendous divergence in economic fortunes\u201d can be seen when scratching\u00a0beneath\u00a0the surface:\u00a0the\u00a0US\u00a0is doing \u201cvery well\u201d whereas \u201cEurope is stalling\u201d, she\u00a0said.\u00a0Another fly in the ointment, she said, is that longer term growth prospects are meagre – below the average from before the pandemic – and as a result countries should focus on productivity.\u201cThe US is going up, driven by high productivity. Everywhere else, productivity is like the sleeping beauty: nowhere to be seen\u201d,\u00a0said\u00a0Georgieva.Three things are holding Europe back: the absence of a capital markets union, investments not going to the most productive firms, and energy costs she says.\u00a0CompetitivenessIf Europe wants to become more competitive, it has to \u201cfocus on the single market\u201d, according to the managing director of the IMF.\u00a0As long as \u201cthe savings of the European people fly to the United States, because they’re more profitable there” and \u201cas long as domestically savings do not get allocated to the most dynamic firms, it will be really hard for Europe to achieve that objective of high competitiveness\u201d, she warned.Donald TrumpWhen looking at President Donald Trump\u2019s electoral promises, she identified\u00a0four blocs in policy reforms oriented towards competitiveness and national security – trade, tax and public spending, deregulation and immigration – whose impact on the global economy\u00a0remain to be seen.\u00a0Trump has for instance threatened to hit the European Union with tariffs and to hike existing\u00a0tariffs on China. The impact of such measures on the global economy will also depend on how countries respond,\u00a0she said.\u00a0\u201cThere is almost a 75% probability within one year when a protectionist measure is imposed from one country on another, that this other country reciprocates,\u201d Georgieva said.\u00a0Concerns about national security are\u00a0also on the rise.\u00a0\u201cThese two objectives – national security and economic competitiveness – they need to go hand in hand. If Europe is economically stronger, it is also in a better position to have a strong defence to protect its citizens,\u201d she\u00a0said.<\/p>\n","protected":false},"excerpt":{"rendered":"
Summarize this content to 2000 words in 6 paragraphs in Arabic Three things are holding Europe back: the absence of a capital markets union, investments not going to the most productive firms and energy costs, the managing director of the IMF told Euronews. ADVERTISEMENTDespite a positive global outlook, the horizon for the global economy is<\/p>\n","protected":false},"author":1,"featured_media":179068,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[60],"tags":[],"class_list":{"0":"post-179067","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-politics"},"_links":{"self":[{"href":"https:\/\/globetimeline.com\/ar\/wp-json\/wp\/v2\/posts\/179067","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/globetimeline.com\/ar\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/globetimeline.com\/ar\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/globetimeline.com\/ar\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/globetimeline.com\/ar\/wp-json\/wp\/v2\/comments?post=179067"}],"version-history":[{"count":1,"href":"https:\/\/globetimeline.com\/ar\/wp-json\/wp\/v2\/posts\/179067\/revisions"}],"predecessor-version":[{"id":179069,"href":"https:\/\/globetimeline.com\/ar\/wp-json\/wp\/v2\/posts\/179067\/revisions\/179069"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/globetimeline.com\/ar\/wp-json\/wp\/v2\/media\/179068"}],"wp:attachment":[{"href":"https:\/\/globetimeline.com\/ar\/wp-json\/wp\/v2\/media?parent=179067"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/globetimeline.com\/ar\/wp-json\/wp\/v2\/categories?post=179067"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/globetimeline.com\/ar\/wp-json\/wp\/v2\/tags?post=179067"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}