IMF Georgieva Trade Economy




08 Oct 2019


Washington, DC, United States



IMF Georgieva Trade Economy
Washington, DC – Recent
1. B-ROLL: Exterior IMF

Washington, DC --- 8 October, 2019
2. New Managing Director Kristalina Georgieva walk-up
3. Soundbite (English) Kristalina Georgieva, IMF Managing Director
“Two years ago, the global economy was in a synchronized upswing. Measured by GDP, nearly 75 percent of the world was accelerating.Today, even more of the world economy is moving in synch but, unfortunately, this time growth is decelerating. To be precise in 2019, we expect slower growth in nearly 90 percent of the world. In other words, the world economy is now in synchronized slow-down. This widespread deceleration means that growth this year will fall to its lowest rate since the beginning of the decade.”
4. Various of audience listening to speech
5. Soundbite (English) Kristalina Georgieva, IMF Managing Director
“So why the slowdown in 2019? There are a range of issues and one common theme across these issues: Fractures. I will start with trade. We have spoken in the past about the dangers of trade disputes. Now, we see that they are actually taking a toll. Global trade growth has come to a almost a standstill. In part because of the trade tensions, worldwide manufacturing activity and investment have weakened substantially. There is a serious risk that services and consumption could also soon be affected.”
6. Cutaways reporters and crowds listening
7. Soundbite (English) Kristalina Georgieva, IMF Managing Director
“Even if growth picks-up in 2020, the current rifts could lead to changes that last a generation — broken supply chains, siloed trade sectors, a “digital Berlin Wall” that forces countries to choose between technology systems. Our goal should be to fix these fractures. Our world is intertwined. So our responses must be coordinated.”
8. Various wideshots of crowd and stage
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