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Added on the 14/04/2020 15:10:06 - Copyright : AFPTV - First images
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
The global economic crisis will not be quite as grim as feared this year, but GDP will still contract 4.4 percent, the IMF says in its latest World Economic Outlook. "This upgrade owes to somewhat less dire outcomes in the second quarter, as well as signs of a stronger recovery in the third quarter, offset partially by downgrades in some emerging and developing economies," IMF chief economist Gita Gopinath says. SOUNDBITE
"Global growth in 2020 will dip below its last year's levels," says International Monetary Fund chief Kristalina Georgieva, "but how far it will fall and how long the impact will be, is still difficult to predict." Georgieva was speaking after all 189 members of the IMF said they were united in addressing the challenges posed by COVID-19. SOUNDBITE
"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
International Monetary Fund Managing Director Kristalina Georgieva says during a press conference in Davos that the IMF has lowered the global growth forecast for 2020 and 2021. SOUNDBITE
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