IMF / World Economic Outlook April 2021 Forecast

ID

582114

SHOOT DATE

06 Apr 2021

SHOOT LOCATION

WASHINGTON DC, United States

PRODUCTION COMPANY

IMF

DESCRIPTION
IMF / World Economic Outlook April 2021 Forecast
SHOTLIST
RECENT - WASHINGTON DC
1. Wide shot, IMF building Exterior with Spring Meetings signage
6 April 2021, WASHINGTON DC
2. SOUNDBITE (English) Gita Gopinath, IMF Chief Economist
“So relative to our January forecast, we are upgrading growth to 6% for 2021 and 4.4% for 2022. This reflects the additional fiscal support provided in the United States, vaccination efforts that are going to lead to a strengthening of recovery in the second half of this year, and also the continued resilience of economic activity to the pandemic in many parts of the world,”
3. Long shot, Gita Gopinath speaking
4. SOUNBITE (English) Gita Gopinath, IMF Chief Economist
“The biggest risk right now is still the pandemic, if there are new virus variants that evade the vaccine, then that could lead to a sharp downgrade. But if, on the other hand, there's faster roll out of vaccinations, then that could uplift the outlook. The second big risk is to financial conditions. We see multispeed recoveries and we have seen interest rates go up. If interest rates go up even further in a more disorderly fashion than that could have negative implications for several countries, especially for some highly vulnerable emerging and developing economies,”
5. Long shot, Gita Gopinath speaking
6. SOUNDBITE (English) Gita Gopinath, IMF Chief Economist
“Given that we are not out of the woods, it is very important for policy support to be continued in this crisis. Of course, countries are dealing with high debt levels, so they'll have to make sure this support is better targeted and well-tailored to countries specific economic conditions, the stage of the recovery they are in and the structural characteristics of the economy. Monetary policy should also remain accommodative while proactively addressing financial risks that we do see using macro prudential tools,”
RECENT - WASHINGTON DC
7. Wide shot, IMF building exterior with virtual Spring Meetings signage
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