IMF Asia Economic Outlook

ID

582859

SHOOT DATE

13 Apr 2021

SHOOT LOCATION

Washington, DC, United States

PRODUCTION COMPANY

IMF

DESCRIPTION
IMF Asia Economic Outlook
SHOTLIST
Washington, DC – Recent
1. B-ROLL: Exterior IMF
Washington, DC --- 13 April 2021
2. Wideshot news conference
3. SOUNDBITE: (English) Jonathan Ostry, Deputy Director IMF Asia Pacific Department:
“History must not be allowed to become destiny. Our first priority is to ensure that vaccines are widely available and to overcome vaccine hesitancy. Boosting vaccine supply and administration capacity are essential to underpin the recovery. Fiscal support targeted towards vulnerable groups should remain accommodative until private demand recovers.”
4. Reporter online cutaway
5. SOUNDBITE: (English) Jonathan Ostry, Deputy Director IMF Asia Pacific Department:
“For export oriented economies in Asia with strong linkages to the United States, the US fiscal expansion will provide positive spillovers through the trade channel. But US interest rates are already on an upward trajectory and this is spilling over to Asian emerging market economies. If US yields rise faster, the markets expect or if there is miscommunication about future US monetary policy. Adverse spillovers through financial channels and capital outflows, as during the 2013 taper tantrum, could present challenges by compromising macro financial stability ability.”
6. Reporter cutaway
7. SOUNDBITE: (English) Jonathan Ostry, Deputy Director IMF Asia Pacific Department:
“The ASEAN region is in the throes of a resurgence of the pandemic, most notably in Indonesia, Malaysia and the Philippines. And so vaccine rollouts there are urgently needed. And the containment policies to deal with the transition to the vaccine rollout will be costly economically, but they are necessary.”
8. Wideshot news conference
9. SOUNDBITE: (English) Jonathan Ostry, Deputy Director IMF Asia Pacific Department:
“Bangladesh is in the throes of of another wave of the pandemic, and this is presenting challenges and downside risks to growth. The challenge for policy is to sustain the effective response that Bangladesh made during the initial phase of the pandemic, including supporting its most vulnerable through social safety nets, through support for the agricultural sector and so forth. So this this is this is the challenge going forward.”
10. Wideshot news conference
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