IMF / LAGARDE GLOBAL ECONOMY

The global economy is experiencing a “delicate moment” with growing risks to growth and an unsettled climate, IMF Managing Director Christine Lagarde said Tuesday in Washington. IMF

• Categories: News & Features / News Stories / Unifeed
• Video Length: 00:02:35
• Production Date: 2 April 2019
• Asset Language: English
• Corporate Name: INTERNATIONAL MONETARY FUND - IMF
• Subject Topical: ECONOMY
• MAMS Id: 2375368
• Parent Id: 2375368
• Alternate Title: unifeed190402i

Description

STORY: IMF / LAGARDE GLOBAL ECONOMY
TRT: 2.35
SOURCE: IMF
RESTRICTIONS:NONE
LANGUAGE: ENGLISH / NATS

DATELINE: 2 APRIL 2019, WASHINGTON DC

Shotlist

1. Wide shot, exterior US Chamber of Commerce
2. Wide shot, conference room
3. SOUNDBITE (English) Christine Lagarde, Managing Director, International Monetary Fund (IMF):
“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, stage
5. Med shoto, reporters
6. SOUNDBITE (English) Christine Lagarde, Managing Director, International Monetary Fund (IMF):
“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.”
Various shots, reporters
7. SOUNDBITE (English) Christine Lagarde, Managing Director, International Monetary Fund (IMF):
“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.”
8. Various shots, exterior US Chamber of Commerce

Storyline

The global economy is experiencing a “delicate moment” with growing risks to growth and an unsettled climate, IMF Managing Director Christine Lagarde said Tuesday ( 02 Apr) in Washington.

Citing trade tensions, tighter financial conditions and geopolitical uncertainty surrounding Brexit and other events, Global growth has lost momentum she said in a speech at the US Chamber of Commerce laying out the key themes of next week’s Spring Meetings of the IMF and World Bank.

SOUNDBITE (English) Christine Lagarde, Managing Director, International Monetary Fund (IMF):
“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.”

The IMF will release its latest forecast for global economic growth next Tuesday in Washington. Lagarde gave a teaser for the World Economic Outlook including major risks.

SOUNDBITE (English) Christine Lagarde, Managing Director, International Monetary Fund (IMF):
“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.”

Lagarde urged policymakers to prepare for slowing growth by making smart decisions on trade and fiscal policy.

SOUNDBITE (English) Christine Lagarde, Managing Director, International Monetary Fund (IMF):
“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.”