IMF / Global Financial Stability Report October 2021 Forecast

ID

595973

SHOOT DATE

12 Oct 2021

SHOOT LOCATION

WASHINGTON DC, United States

PRODUCTION COMPANY

IMF

DESCRIPTION
IMF / Global Financial Stability Report October 2021 Forecast
SHOTLIST
RECENT - WASHINGTON DC

1. Wide shot, IMF building exterior with Annual Meetings signage

12 October 2021, WASHINGTON DC

2. SOUNDBITE (English) Tobias Adrian, Director of the Monetary and Capital Markets Department at the International Monetary Fund
““Amid the prolonged and painful pandemic, financial stability risks have been contained so far. Financial conditions have eased since the start of the pandemic. This reflects the continuing monetary and fiscal support for the economy, which helped spur a rebound from 2020. Yet the sense of optimism which had propelled markets in the first half of the year has faded somewhat,”
3. Wide shot, Tobias Adrian speaking
4. SOUNDBITE (English)Tobias Adrian, Director of the Monetary and Capital Markets Department at the International Monetary Fund
“Uneven vaccine access, along with the mutations of the virus, have led to a resurgence of infections. Investors are increasingly worried about the economic outlook amid great uncertainty about the strength of the recovery. Anxiety about the inflationary pressures has recently pushed yields higher. As sudden and sustained repricing of risk could interact with underlying vulnerabilities, that could lead to a tightening of financial conditions, which could put growth at risk in the medium term,”
5. Wide shot, Tobias Adrian speaking
6. SOUNDBITE (English) Tobias Adrian, Director of the Monetary and Capital Markets Department at the International Monetary Fund
““Financial vulnerabilities continue to be elevated in a number of sectors, although vulnerabilities have eased in some areas since April. Policymakers are now confronted with a difficult tradeoff. They must continue to provide near-term support to the global economy, yet they must simultaneously try to avoid the buildup of medium-term financial stability risks. After more than a year, complacency appears as a real risk. Asset valuations remain stretched and risk taking persists. If left unchecked, such vulnerabilities could become structural legacy issues,”
7. Wide shot, Tobias Adrian speaking
8. SOUNDBITE (English) Tobias Adrian, Director of the Monetary and Capital Markets Department at the International Monetary Fund
“Policymakers should formulate action plans that would guard against unintended consequences. Monetary and fiscal policy support should be more targeted and tailored to the country's specific circumstances, given the varying pace of the recoveries across countries. Central banks should provide clear guidance about the future approach to monetary policy and remain vigilant to avoid an unwarranted and abrupt tightening of financial conditions. If price pressures turn out to be more persistent than anticipated, they should act decisively to avoid an unmooring of inflation expectations. Policymakers should take early action and tighten selected macro prudential tools to target pockets of elevated vulnerabilities,”
9. Wide shot, Tobias Adrian speaking
10. SOUNDBITE (English) Tobias Adrian, Director of the Monetary and Capital Markets Department at the International Monetary Fund
“With vulnerabilities intensifying and with policy support for economic growth having already been asserted to an unprecedented degree. This is a time for far sighted policy action. Policy action must be carefully crafted, aiming to avoid unintended consequences, which could put growth at risk, and which could lead to an abrupt adjustment in the financial market.”
RECENT - WASHINGTON DC
11. Wide shot, IMF building exterior
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