The IMF warns that if agricultural protests continue in Europe, prices could rise

Market & Price Trends
Innovation & Technology
Published Feb 23, 2024

Tridge summary

The International Monetary Fund (IMF) has cautioned that the ongoing agrarian protests in Europe could lead to a surge in prices. However, it does not anticipate these protests to significantly affect economic growth due to the agricultural sector's relatively small contribution to GDP. The protests are a response to the bureaucracy of the Common Agricultural Policy, environmental production requirements, and fair origin prices. IMF's managing director, Kristalina Georgieva, has voiced concerns about the potential economic implications if governments succumb to the protests.
Disclaimer: The above summary was generated by a state-of-the-art LLM model and is intended for informational purposes only. It is recommended that readers refer to the original article for more context.

Original content

Washington, Feb 22 (EFE).- The International Monetary Fund (IMF) warned this Thursday that if the agrarian protests continue in Europe, prices could rise, although it stated that they are not expected to have a great impact on economic growth. region of. "There could be a more significant impact on prices if the protests persist for some time," agency spokesperson Julie Kozack said at a press conference. Since the agricultural sector in most European countries "is relatively small" in terms of Gross Domestic Product (GDP), he noted, "at this point we expect any economic impact to be small." For three weeks, farmers from all over Spain and other European countries have come out to protest against the consequences of the bureaucracy of the Common Agricultural Policy, the environmental requirements to produce and fair prices at origin, among other things. The main criticism is the Green Pact for Europe (Green Deal) with which the European Union (EU) wants to achieve climate ...
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