IMF “Delicate Moment” for Global Economy

ID

535528

SHOOT DATE

02 Apr 2019

SHOOT LOCATION

Washington, DC, United States

PRODUCTION COMPANY

IMF

DESCRIPTION
Edited Package
SHOTLIST
Washington, DC – 2 May 2019

1. B-ROLL: Exterior US Chamber of Commerce

Washington, DC --- 2 May 2019
2. Walk up
3. SOUNDBITE: (English) Christine Lagarde, IMF Managing Director:
“Only two years ago 75 percent of the global economy experienced an upswing. So, it was a synchronized growth acceleration for this year we expect not 75 but 70 percent of the global economy to experience a slowdown in growth, exactly the opposite of what we had. But just to be clear we do not see a recession in the near term. In fact, we expect some pickup in growth in the second half of 2019 and into 2020. So, you see you know what I mean by unsettled. And indeed the global economy is at a delicate moment.”
4. Wide shot of stage
5. Reporter cutaways
6. SOUNDBITE: (English) Christine Lagarde, IMF Managing Director:
“The expected rebound in global growth later this year and into early 2020 is precarious. Why is that? Because it is vulnerable to downside risks including country related uncertainties such as Brexit for instance and broader uncertainties such as high debt in some sectors. In some countries tensions around trade policy still uncertain. And a sense of an ease in financial markets for example should there be a sharp unexpected tightening of financial conditions. It could create serious challenges for many governments and companies around the world in terms of refinancing and debt service particularly those that have borrowed in non-domestic currencies which could amplify exchange rate movements and financial market corrections so indeed it is a delicate moment in and of itself and it requires a delicate mix of policies.”
7. Reporter cutaways
8. SOUNDBITE: (English) Christine Lagarde, IMF Managing Director:
“Now I don't want to be overly dramatic because we don't see a recession. We do not see it. But we believe that because it is so delicate because it is filled with in a way self-inflicted wounds that only men and women can address. That's why it requires this, you know, ‘handle with care’ approach that brings together all domestic policies cross-border and international coordination.”

Washington, DC – 2 May 2019
9. B-ROLL: Exterior US Chamber of Commerce


Washington, DC – Recent
10. B-ROLL: Gita Gopinath meeting with predecessor Maury Obstfeld
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