11 Apr 2019


Washington, DC, United States



TRT: 2:37
Washington, DC -- Thursday 11 April 2019

1. Wide IMF Managing Director Christine Lagarde greeting journalists with First Deputy Managing Director David Lipton and Communications Department Director Gerry Rice
2.Mid photographers
3. SOUNDBITE: (English) Christine Lagarde, Managing Director of the International Monetary Fund
“Just like nature, the global economy is also currently quite uncertain. As I said a year ago, we were talking about synchronized growth. And 75 percent of the global economy was going through that phase. As you heard a couple of days ago, we are now talking about a synchronized slowdown by 70 percent of the global economy. So our forecast for growth this year is 3.3 percent, going back up we hope in 2020, based on our forecast, to 3.6 percent. But we contend that we are at a delicate moment. And this expected rebound from 3.3 in 2019 to 3.6 in 2020 is precarious and subject to downside risks.”
4. Mid journalists
5. SOUNDBITE: (English) Christine Lagarde, Managing Director of the International Monetary Fund
“It gives time for continued discussions between the various parties involved in the U.K. It probably gives time to the economic agents to better prepare for all options. And, you know, I am particularly thinking of the industrialists and the workers in the U.K. in order to try to secure their future, that that gives a bit more time. On the other hand, it is obvious that it is continued uncertainty. And it does not resolve, other than by postponing what would have been a terrible outcome because we believe that, in terms of economic consequences, the no‑deal Brexit would have been a terrible outcome.”
6. Close journalist asking question
7. SOUNDBITE: (English) Christine Lagarde, Managing Director of the International Monetary Fund
“Monetary policies have been extremely efficient but has also not run its course but has, as we stand now in many countries very low interest rates and not much room to maneuver unless they were going to explore yet again more traveling into negative territory and their balance sheets are quite large. So, our recommendation to monetary authorities is, please stay accommodating for many of you. Facilitate the fiscal measures that need to be taken.”

8. Wide side shot of IMF officials at end of briefing
9. Wide IMF officials ending briefing
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  • Brian Walker
    Media Relations Officer
    United States
    +(1) 202.623.7381
    +(1) 202.286.5839