Sign up
Log in
George
USA-IMF/Recovery
Washington, D.C., USA - April 22, 2017
1. Various of delegates talking
2. Various of delegates posing for group photo
3. Various of delegates at conference room
4. National flags outside conference room
5. Sign of IMF
6. Various of posters outside
The deputy managing director of the International Monetary Fund has described the situation of the global economy as "to embrace a recovery on the horizon".
The deputy chief, Zhang Tao, made the remarks by citing the latest IMF World Economic Outlook on the sidelines of the ongoing IMF and World Bank Spring Meetings in Washington, D.C..
Zhang told China Global Television Network (CGTN) it is the first time in years for IMF to upgrade its growth forecast for global economy.
The IMF outlook report says that the world economy gained speed in the fourth quarter of 2016 and the momentum is expected to persist. Global growth is projected to increase from an estimated 3.1 percent in 2016 to 3.5 percent in 2017 and 3.6 percent in 2018.
According to the deputy managing director, most of the advanced economies are seeing economic pick-ups while the developing economies are seeing their economic activities pick up markedly thanks to the resilience of their development.
Taking up 77 percent of contribution toward global growth, the developing economies will continue to serve as the vital drivers for new growth, said Zhang.
The IMF has upgraded China's growth forecast for this year and next to 6.6 percent and 6.2 percent respectively.
USA-IMF/Recovery
Dateline : April 22, 2017
Location : Washington D.C.,United States
Duration : 1'03
Washington, D.C., USA - April 22, 2017
1. Various of delegates talking
2. Various of delegates posing for group photo
3. Various of delegates at conference room
4. National flags outside conference room
5. Sign of IMF
6. Various of posters outside
The deputy managing director of the International Monetary Fund has described the situation of the global economy as "to embrace a recovery on the horizon".
The deputy chief, Zhang Tao, made the remarks by citing the latest IMF World Economic Outlook on the sidelines of the ongoing IMF and World Bank Spring Meetings in Washington, D.C..
Zhang told China Global Television Network (CGTN) it is the first time in years for IMF to upgrade its growth forecast for global economy.
The IMF outlook report says that the world economy gained speed in the fourth quarter of 2016 and the momentum is expected to persist. Global growth is projected to increase from an estimated 3.1 percent in 2016 to 3.5 percent in 2017 and 3.6 percent in 2018.
According to the deputy managing director, most of the advanced economies are seeing economic pick-ups while the developing economies are seeing their economic activities pick up markedly thanks to the resilience of their development.
Taking up 77 percent of contribution toward global growth, the developing economies will continue to serve as the vital drivers for new growth, said Zhang.
The IMF has upgraded China's growth forecast for this year and next to 6.6 percent and 6.2 percent respectively.
ID : 8048565
Published : 2017-04-23 09:41
Last Modified : 2017-07-14 07:48:00
Source : China Global Television Network (CGTN)
Restrictions : No access Chinese mainland
More
