20181009 IMF WEO PRESSER

ID

522414

DESCRIPTION
Edited Package
SHOTLIST
Nusa Dua, Bali, Indonesia – October 09, 2018

1. Wide IMF officials before briefing on World Economic Outlook
2. Wide journalists during briefing
3. SOUNDBITE: (English) Maury Obstfeld, Director of Research at the IMF
“The latest World Economic Outlook report projects that global growth will remain steady over this year and next at last year’s rate of 3.7 percent. This growth exceeds that achieved in any of the years between 2012 and 2016 and it occurs as many economies have reached or are nearing full employment and as earlier deflationary fears have dissipated. Thus, policymakers still have an excellent opportunity to build resilience and implement growth-enhancing reforms.”
4. Mid journalists at briefing
5. SOUNDBITE: (English) Maury Obstfeld, Director of Research at the IMF
“The impacts of trade policy and uncertainty are becoming evident at the macroeconomic level, while anecdotal evidence accumulates on the resulting harm to companies. Trade policy reflects politics and politics remain unsettled in several countries, posing further risks.”
6. Mid reporter asking question
7. SOUNDBITE: (English) Maury Obstfeld, Director of Research at the IMF
“If you have the world’s two largest economies at odds, that’s a situation in which everyone is going to suffer.”
8. Mid reporters
9. SOUNDBITE: (English) Maury Obstfeld, Director of Research at the IMF
“One of the lessons of the last crisis was that fiscal policy can be very powerful in combating recession. And so, if you’re in a situation where public debts are already too high, where markets might react adversely to a further increase in public debt, that could limit the positive effects of your fiscal actions. So, to summarize, countries have learned a lot but there’s certainly more work to be done to prepare for the next recession.”
10. Close reporter asking question
11. SOUNDBITE: (English) Maury Obstfeld, Director of Research at the IMF
“The Indonesian growth story has been a real success story. And, even though we have downgraded our growth forecast for the next couple of years due to a number of factors – tighter global financial conditions, oil prices, the effect of U.S.-China trade tensions and how those might affect Indonesia – growth is still expected to be fairly strong.”
12. Wide IMF officials at end of briefing
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