IMF World Economic Outlook Highlights

ID

613677

SHOOT DATE

19 Apr 2022

SHOOT LOCATION

Washington, DC, United States

PRODUCTION COMPANY

IMF

DESCRIPTION
IMF World Economic Outlook Highlights
SHOTLIST
Washington, DC – Wednesday 13 April 2022
1. B-ROLL: Various of IMF exteriors with Spring Meetings 2022 signage

Washington, DC – Tuesday 19 April 2022
2. Wideshot of studio news conference
3. Soundbite (English) IMF Director of Research Department Pierre-Olivier Gourinchas
“Overall, economic risks have risen sharply in policy. Trade offs have become even more challenging compared for January forecast. We have revised our projection for global growth downwards to 3.6 percent in both 2022 and 2023. This reflects the direct impact of the war on Ukraine and sanctions on Russia, with both countries projected to experience steep contractions.”
4. Cutaway Midshot
5. Soundbite (English) IMF Director of Research Department Pierre-Olivier Gourinchas:
“We now project inflation will remain elevated for much longer in the United States and some European countries. It has reached its highest level in more than 40 years. In the context of tight labor markets, the risk is rising that inflation expectations drift away from central bank inflation targets, prompting a more aggressive tightening response from policymakers. Furthermore, increases in food and fuel prices may also significantly increase the prospect of social unrest in poorer countries immediately after the invasion.”
6. Cutaway reporter online
7. Soundbite (English) IMF Director of Research Department Pierre-Olivier Gourinchas:
“So eventually we know that we're going to be in a world in which it's not just the United States dollar, it's not just the dominance of the dollar. The question is what kind of transition we put in place to get there. And one scenario is one where we have divided blocs that are not trading much with each other and are on different standards. And that would be a disaster for the global economy. The other scenario is one where we have a managed transition that maintains and protects the gains from globalization that have lifted hundreds of millions out of poverty have allowed emerging market economies to see their economies soar in the last 30 40 years. And so the the difficulty here is going to be to engage on this managed transition path that leads us to this more multipolar world.”
8. Cutaway Reporter online
9. Soundbite (English) IMF Director of Research Department Pierre-Olivier Gourinchas:
“Central banks have accumulated a fair amount of credibility in terms of maintaining price stability over the last 40 years that they did not have back in the 1970s. So we're starting from a very different, very different point. Nevertheless, inflation is a serious concern right now in the US and in other countries, and the risk that inflation pressures remain elevated, that inflation expectations start moving up away from the central bank targets of two percent is something that would call for much more forceful action in in the future.”

Washington, DC – Wednesday 13 April 2022
10. B-ROLL: Various of IMF exteriors with Spring Meetings 2022 signage
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