IMF World Economic Outlook

ID

536039

SHOOT DATE

08 Apr 2019

SHOOT LOCATION

Washington, DC, United States

PRODUCTION COMPANY

IMF

DESCRIPTION
Edited package
SHOTLIST
Washington, DC – Recent
1. B-ROLL: Exterior IMF

Washington, DC --- 08 April 2019
2. Midshot Gita Gopinath, IMF Chief Economist / Economic Counselor
3. SOUNDBITE: (English) Gita Gopinath, IMF Chief Economist / Economic Counselor:
“The global expansion continues to weaken. For 70 percent of the global economy we are projecting weaker growth for 2019 relative to 2018. We expect a recovery in 2020. However we do see significant downside risks.”
4. Midshot
5. SOUNDBITE: (English) Gita Gopinath, IMF Chief Economist / Economic Counselor:
“A major risk continues to be in trade tensions. Now, we've seen an improvement with respect to trade talks between US and China. However we are concerned that trade tensions could escalate and it could show up in other sectors like the auto sector which could be very damaging for global growth.”
6. Midshot
7. SOUNDBITE: (English) Gita Gopinath, IMF Chief Economist / Economic Counselor:
“This is a delicate moment for the global economy. It's very important that policymakers do no harm and work cooperatively to reduce the high levels of policy uncertainty in the world especially with regard to trade policy. It's also very important that macro-prudential tools are used in place to make sure the financial risks are not building up, and fiscal policy will have to manage important trade-offs between demand growth and at the same time making sure that the debt remains sustainable.”
8. Midshot
9. SOUNDBITE: (English) Gita Gopinath, IMF Chief Economist / Economic Counselor:
“Global expansion continues to weaken. For 70 percent of the global economy we are projecting slower growth in 2019 relative to 2018. We expect a recovery in 2020 but because of important downside risks this recovery is precarious. Now one of the most important downside risks relates to trade policy. While there has been an improvement with trade talks between the US and China we are still concerned that trade tensions may escalate and they may expand to other sectors like the auto sector which can have very damaging impact on the global economy. It's important for policymakers to keep in mind that this is a delicate moment for the global economy which means that 'do no harm,' work cooperatively to reduce the heightened levels of policy uncertainty in the world especially with trade tensions, and to make sure that fiscal policy balances the needs of growth while making sure debt is sustainable and macro-prudential risks are managed.”


Washington, DC – Recent
10. B-ROLL: Exterior IMF
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