Switzerland-IMF/World Economic Report

IMF cuts global growth forecast for 2019, 2020 citing softer momentum

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Shotlist

Davos, Switzerland - Jan 21, 2019 (CCTV - No access Chinese mainland)
1. Flags, people walking
2. Various of people walking, sign board
3. Board reading "World Economic Outlook"
4. Press conference of Update of World Economic Outlook, journalists
5. IMF Managing Director Christine Lagarde (L), IMF Director of Communications, Spokesman Gerry Rice (M), IMF chief economist Gita Gopinath (R) at press conference
6. Various of reporters, cameracrew
7. Lagarde speaking
8. Various of reporters
9. Press conference in progress

Beijing, China - Jan 21, 2019 (CGTN - No access Chinese mainland)
10. Various of graphics showing IMF World Economic Outlook

FILE: Washington D.C., USA - Sept 30, 2016 (CCTV - No access Chinese mainland)
11. IMF sign


FILE: Shenzhen City, Guangdong Province, south China - Date Unknown (Guangdong Radio and Television Station - No access Chinese mainland)
12. Aerial shots of city

Storyline


The International Monetary Fund (IMF) on Monday revised downward its global growth forecast for 2019 and 2020 to 3.5 percent and 3.6 percent respectively, citing softer momentum and weakening financial market sentiment.

The downward revision was announced by IMF chief economist, Gita Gopinath, at a press conference on Update of the World Economic Outlook, ahead of the annual World Economic Forum 2019 meeting that will take place from Jan. 22 to 25 in Davos, Switzerland.

The IMF said growth is appraised at 0.2 percentage point lower for this year and 0.1 percentage point lower for 2020, compared to last October's projections.

Specifically, growth in advanced economies is projected to ease from an estimated 2.3 percent in 2018 to 2 percent in 2019, and 1.7 percent in 2020. The developing world will also slow down pace this year, before improving in 2020.

The IMF also forecasts the Chinese economy to expand by 6.6 percent in 2018, same as China's official economic statistics for 2018 that released on Monday.

With the global growth easing, the IMF believes a shared policy priority now should be to raise mid-term growth prospects while enhancing economic inclusion. Economies are advised to boost multilateral cooperation and optimize domestic policies, including lifting productivity, diversifying industry structures, raising labor force participation, and addressing debt burdens.

Attending the press conference are IMF managing director Christine Lagarde, IMF Director of Communications and Spokesman Gerry Rice, IMF chief economist Gita Gopinath and deputy director of IMF's Research Department Gian Maria Milesi-Ferretti.

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  • ID : 8101295
  • Dateline : Jan 21, 2019/File
  • Location : Davos,Switzerland China United States
  • Category : economy, business and finance,science and technology,society
  • Duration : 1'11
  • Audio Language : Nats/Part Mute
  • Source : China Central Television (CCTV),China Global Television Network (CGTN),Guangdong Radio and Television Station
  • Restrictions : No access Chinese mainland
  • Published : 2019-01-22 06:10
  • Last Modified : 2019-01-22 17:19:00
  • Version : 1
  • ID : 8101295
  • Dateline : 21 janv. 2019/Archives
  • Location : Davos,Suisse Beijing,Chine
  • Category : economy, business and finance,science and technology,society
  • Duration : 1'11
  • Audio Language : Nats/Partiellement muet
  • Source : China Central Television (CCTV),China Global Television Network (CGTN),Guangdong Radio and Television Station
  • Restrictions : Pas d’accès dans la partie continentale de Chine
  • Published : 2019-01-22 14:49
  • Last Modified : 2019-01-22 17:19:00
  • Version : 1
  • ID : 8101295
  • Dateline : 21 يناير 2019/أرشيف
  • Location : دافوس,سويسرا الصين الولايات المتحدة
  • Category : economy, business and finance,science and technology,society
  • Duration : 1'11
  • Audio Language : الصوت الطبيعي/بعضه بلا صوت
  • Source : China Central Television (CCTV),China Global Television Network (CGTN)
  • Restrictions : No access Chinese mainland
  • Published : 2019-01-22 17:08
  • Last Modified : 2019-01-22 17:19:00
  • Version : 1
  • ID : 8101295
  • Dateline : 21 янв 2019/Архив
  • Location : Давос,Швейцария Китай США
  • Category : economy, business and finance,science and technology,society
  • Duration : 1'11
  • Audio Language : Естественный звук/Частично немое
  • Source : China Central Television (CCTV),China Global Television Network (CGTN),Guangdong Radio and Television Station
  • Restrictions : Недоступно материковой части Китая
  • Published : 2019-01-22 16:33
  • Last Modified : 2019-01-22 17:19:00
  • Version : 1
  • ID : 8101295
  • Dateline : 21 ene. 2019/Archivo
  • Location : Davos,Suiza China Estados Unidos
  • Category : economy, business and finance,science and technology,society
  • Duration : 1'11
  • Audio Language : Nats/Parte Muda
  • Source : China Central Television (CCTV)
  • Restrictions : No acceso a la parte continental de China
  • Published : 2019-01-22 15:38
  • Last Modified : 2019-01-22 17:19:00
  • Version : 1
  • ID : 8101295
  • Dateline : 2019年1月21日/資料
  • Location : ダボス,スイス 中国 アメリカ合衆国
  • Category : economy, business and finance,science and technology,society
  • Duration : 1'11
  • Audio Language : 自然音声/一部音声なし
  • Source : China Central Television (CCTV),China Global Television Network (CGTN),Guangdong Radio and Television Station
  • Restrictions : 中国大陸での使用は不可
  • Published : 2019-01-22 14:22
  • Last Modified : 2019-01-22 17:19:00
  • Version : 1
  • ID : 8101295
  • Dateline : 21. Jan. 2019
  • Location : Davos,Switzerland China Vereinigte Staaten
  • Category : economy, business and finance,science and technology,society
  • Duration : 1'11
  • Audio Language : Originalton/Teilweise ohne Ton
  • Source : China Central Television (CCTV),China Global Television Network (CGTN)
  • Restrictions : Für das chinesische Festland nicht verfügbar
  • Published : 2019-01-22 14:15
  • Last Modified : 2019-01-22 17:19:00
  • Version : 1

Switzerland-IMF/World Economic Report

IMF cuts global growth forecast for 2019, 2020 citing softer momentum

Dateline : Jan 21, 2019/File

Location : Davos,Switzerland China United States

Duration : 1'11

  • English
  • Français
  • العربية
  • Pусский
  • Español
  • 日本語
  • Deutsch

Davos, Switzerland - Jan 21, 2019 (CCTV - No access Chinese mainland)
1. Flags, people walking
2. Various of people walking, sign board
3. Board reading "World Economic Outlook"
4. Press conference of Update of World Economic Outlook, journalists
5. IMF Managing Director Christine Lagarde (L), IMF Director of Communications, Spokesman Gerry Rice (M), IMF chief economist Gita Gopinath (R) at press conference
6. Various of reporters, cameracrew
7. Lagarde speaking
8. Various of reporters
9. Press conference in progress

Beijing, China - Jan 21, 2019 (CGTN - No access Chinese mainland)
10. Various of graphics showing IMF World Economic Outlook

FILE: Washington D.C., USA - Sept 30, 2016 (CCTV - No access Chinese mainland)
11. IMF sign


FILE: Shenzhen City, Guangdong Province, south China - Date Unknown (Guangdong Radio and Television Station - No access Chinese mainland)
12. Aerial shots of city


The International Monetary Fund (IMF) on Monday revised downward its global growth forecast for 2019 and 2020 to 3.5 percent and 3.6 percent respectively, citing softer momentum and weakening financial market sentiment.

The downward revision was announced by IMF chief economist, Gita Gopinath, at a press conference on Update of the World Economic Outlook, ahead of the annual World Economic Forum 2019 meeting that will take place from Jan. 22 to 25 in Davos, Switzerland.

The IMF said growth is appraised at 0.2 percentage point lower for this year and 0.1 percentage point lower for 2020, compared to last October's projections.

Specifically, growth in advanced economies is projected to ease from an estimated 2.3 percent in 2018 to 2 percent in 2019, and 1.7 percent in 2020. The developing world will also slow down pace this year, before improving in 2020.

The IMF also forecasts the Chinese economy to expand by 6.6 percent in 2018, same as China's official economic statistics for 2018 that released on Monday.

With the global growth easing, the IMF believes a shared policy priority now should be to raise mid-term growth prospects while enhancing economic inclusion. Economies are advised to boost multilateral cooperation and optimize domestic policies, including lifting productivity, diversifying industry structures, raising labor force participation, and addressing debt burdens.

Attending the press conference are IMF managing director Christine Lagarde, IMF Director of Communications and Spokesman Gerry Rice, IMF chief economist Gita Gopinath and deputy director of IMF's Research Department Gian Maria Milesi-Ferretti.

ID : 8101295

Published : 2019-01-22 06:10

Last Modified : 2019-01-22 17:19:00

Source : China Central Television (CCTV),China Global Television Network (CGTN),Guangdong Radio and Television Station

Restrictions : No access Chinese mainland

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