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Added on the 11/04/2023 11:03:11 - Copyright : Euronews EN
The International Monetary Fund's World Economic Outlook now sees world growth of 6.0 percent this year after the contraction of 3.3 percent in 2020 amid the Covid-19 pandemic, IMF chief economist Gita Gopinath says. SOUNDBITE
Optimism that new vaccines will bring the pandemic under control and allow economic activity to resume coupled with stimulus in major economies has boosted the growth forecast this year to 5.5 percent, the IMF says in its latest World Economic Outlook. 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
Washington DC, Apr 14 (EFE).- "We project global growth in 2020 to fall to -3 per cent," the International Monetary Fund (IMF) reported on Tuesday."This is a downgrade of 6.3 percentage points from January 2020, a major revision over a very short period. This makes the Great Lockdown the worst recession since the Great Depression, and far worse than the Global Financial Crisis," the organism added.FOOTAGE OF WORLD BANK AND INTERNATIONAL MONETARY FUND HEADQUARTERS IN WASHINGTON DC.
The managing director of the International Monetary Fund, Kristalina Georgieva warns that "the cumulative losses of trade conflicts could get us to about $700 billion by 2020" in a speech in Washington ahead of IMF-World Bank autumn meetings next week SOUNDBITE
The Asian Infrastructure Investment Bank, an international financial institution proposed by China, is largely seen as China’s answer to the International Monetary Fund, the World Bank and the Japanese-dominated Asian Development Bank.
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