Switzerland-IMF/World Economic Report
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.
Switzerland-IMF/World Economic Report
Dateline : Jan 21, 2019/File
Location : Davos,Switzerland China United States
Duration : 1'11
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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