IMF / World Economic Outlook January 2021 Forecast

ID

578170

SHOOT DATE

26 Jan 2021

SHOOT LOCATION

Washington DC, United States

PRODUCTION COMPANY

IMF

DESCRIPTION
IMF / World Economic Outlook January 2021 Forecast
SHOTLIST
RECENT - WASHINGTON DC
1. Wide shot, IMF building exterior
2. Wide shot, IMF logo on building
26 January 2021, WASHINGTON DC
3. SOUNDBITE (English) Gita Gopinath, Chief Economist, IMF
“After a severe recession in 2020, we are projecting the global economy to grow by 5.5 percent in 2021 and 4.2 percent next year. The 2021 number is 0.3 percentage above our October forecast. And it reflects the positive effects of the vaccine success that we saw towards the end of last year and the additional policy support that was provided in some countries. But it has been offset some by the resurgence of virus in several economies and the containment measures that have been put in place that are having a negative effect on activity,”
4. Long shot, Gita Gopinath speaking
5. SOUNBITE (English) Gita Gopinath, Chief Economist, IMF
“We are in a race between a mutating virus and vaccinations. And a lot depends on the outcome of this race. So, if we have better news on vaccinations, faster rollout, then things could improve much better. But on the other hand, if you have virus mutations that retard vaccinations, the many more resurgences that can have a negative effect on activity. And also, a lot depends upon how much policy support stays in place. If things go bad and financial conditions worsen, that will have a big knock-on effect because we are living at the time with very high levels of death in the world,”
6. Long shot, Gita Gopinath speaking
7. SOUNDBITE (English) Gita Gopinath, Chief Economist, IMF
““The foremost recommendation is to accelerate the roll out of vaccinations in individual countries, but also to make it available to all countries in the world, because that's the only way we can end this health crisis if it ends everywhere. Fiscal policy should continue to provide effective support until we have a durable recovery and monetary policy should remain accommodative as long as inflation is not at risk,”
RECENT - WASHINGTON DC
8. Wide shot, DC streets
9. Wide shot, IMF logo on building
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