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Added on the 04/03/2020 15:38:30 - Copyright : AFPTV - First images
"This is no longer a regional issue," says International Monetary Fund (IMF) chief Kristalina Georgieva of the new coronavirus epidemic, "it is a global problem, calling for a global response." Georgieva was addressing a news conference after the 189 members of the International Monetary Fund pledged to bring all available resources to bear to help countries combat the impact of the coronavirus. SOUNDBITE
Global growth will disappoint next year and the outlook for the medium-term has deteriorated, according to the head of the International Monetary Fund, Christine Lagarde. David Pollard reports.
The International Monetary Fund slightly lowers its outlook for the global economy, predicting the global economy will grow by 2.8 percent this year and three percent in 2024, a decline of 0.1 percentage point from its previous forecasts in January. SOUNDBITE
IMF chief Kristalina Georgieva warns the global recession risks are rising and urges policy action "to regroup and to rethink how can we adopt a more proactive precautionary mindset that we had in the past." SOUNDBITE
Surging inflation and severe slowdowns in the United States and China prompted the IMF to downgrade its outlook for the global economy this year and next, while warning that the situation could get much worse. SOUNDBITE
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