USA-Global Economic Recovery/IMF Chief

Global economic recovery possible due to vaccination, policy support: IMF chief

  • English

Shotlist


Washington D.C., USA - April 7, 2021 (Unifeed - No access Chinese mainland/Not for sale)
1. IMF building Exterior with Spring Meetings sign
2. IMF logo on building
3. SOUNDBITE (English) Kristalina Georgieva, IMF Managing Director:
"We have good news that there is light at the end of the tunnel after the world's worst global recession since the Second World War, the recovery is underway. And as you know, yesterday we lifted our global growth forecast to six percent for this year, 4.4 percent for 2022."
4. Meeting in progress
5. SOUNDBITE (English) Kristalina Georgieva, IMF Managing Director:
"Economic fortunes are diverging dangerously. A small number of advanced emerging market economies, led by the U.S. and China, are powering ahead, weaker and poorer countries are falling behind in this multi-speed recovery. We also face extremely high uncertainty, especially over the impact of new virus strains and potential shifts in financial conditions. "
6. Various of IMF building exterior with virtual Spring Meetings sign

Storyline


The global economy can make a quick recovery from the COVID-19 pandemic, said the managing director of the International Monetary Fund (IMF), which has set the global growth forecast to six percent for this year.

Vaccinations and policy support were the reasons behind an estimated increase to six percent in the World Economic Outlook's latest update, said the IMF managing director Kristalina Georgieva at a press briefing held on Wednesday in Washington D.C.

"We have good news that there is light at the end of the tunnel after the world's worst global recession since the Second World War, the recovery is underway. And as you know, yesterday we lifted our global growth forecast to six percent for this year, 4.4 percent for 2022," said Georgieva.

The IMF director added that, had it not been for the extraordinary fiscal and monetary measures, last year’s global contraction would have been three times worse, potentially paving the way for another "Great Depression" but the crisis continues to cast a dark shadow.

"Economic fortunes are diverging dangerously. A small number of advanced and emerging market economies led by the U.S. and China are powering ahead. Weaker and poorer countries are falling behind in this multi-speed recovery. We also face extremely high uncertainty, especially over the impact of new virus strains and potential shifts in financial conditions," stressed Georgieva.

Georgieva concluded by highlighting the role the IMF has been playing in fostering a fair recovery and a resilient post-pandemic world, working hand-in-hand with its 190 member countries.

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  • ID : 8186586
  • Dateline : April 7, 2021
  • Location : United States
  • Category : economy, business and finance
  • Duration : 1'20
  • Audio Language : English/Nats
  • Source : UNifeed
  • Restrictions : No access Chinese mainland/Not for sale
  • Published : 2021-04-08 21:02
  • Last Modified : 2021-04-08 21:08:10
  • Version : 2

USA-Global Economic Recovery/IMF Chief

Global economic recovery possible due to vaccination, policy support: IMF chief

Dateline : April 7, 2021

Location : United States

Duration : 1'20

  • English


Washington D.C., USA - April 7, 2021 (Unifeed - No access Chinese mainland/Not for sale)
1. IMF building Exterior with Spring Meetings sign
2. IMF logo on building
3. SOUNDBITE (English) Kristalina Georgieva, IMF Managing Director:
"We have good news that there is light at the end of the tunnel after the world's worst global recession since the Second World War, the recovery is underway. And as you know, yesterday we lifted our global growth forecast to six percent for this year, 4.4 percent for 2022."
4. Meeting in progress
5. SOUNDBITE (English) Kristalina Georgieva, IMF Managing Director:
"Economic fortunes are diverging dangerously. A small number of advanced emerging market economies, led by the U.S. and China, are powering ahead, weaker and poorer countries are falling behind in this multi-speed recovery. We also face extremely high uncertainty, especially over the impact of new virus strains and potential shifts in financial conditions. "
6. Various of IMF building exterior with virtual Spring Meetings sign


The global economy can make a quick recovery from the COVID-19 pandemic, said the managing director of the International Monetary Fund (IMF), which has set the global growth forecast to six percent for this year.

Vaccinations and policy support were the reasons behind an estimated increase to six percent in the World Economic Outlook's latest update, said the IMF managing director Kristalina Georgieva at a press briefing held on Wednesday in Washington D.C.

"We have good news that there is light at the end of the tunnel after the world's worst global recession since the Second World War, the recovery is underway. And as you know, yesterday we lifted our global growth forecast to six percent for this year, 4.4 percent for 2022," said Georgieva.

The IMF director added that, had it not been for the extraordinary fiscal and monetary measures, last year’s global contraction would have been three times worse, potentially paving the way for another "Great Depression" but the crisis continues to cast a dark shadow.

"Economic fortunes are diverging dangerously. A small number of advanced and emerging market economies led by the U.S. and China are powering ahead. Weaker and poorer countries are falling behind in this multi-speed recovery. We also face extremely high uncertainty, especially over the impact of new virus strains and potential shifts in financial conditions," stressed Georgieva.

Georgieva concluded by highlighting the role the IMF has been playing in fostering a fair recovery and a resilient post-pandemic world, working hand-in-hand with its 190 member countries.

ID : 8186586

Published : 2021-04-08 21:02

Last Modified : 2021-04-08 21:08:10

Source : UNifeed

Restrictions : No access Chinese mainland/Not for sale

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