IMF / WORLD ECONOMIC OUTLOOK

The International Monetary Fund (IMF) sees the global economy slowing to its slowest pace since the global financial crisis of 2008, the Fund’s chief economist Gita Gopinath said ahead of the launch of the World Economic Outlook Tuesday in Washington. IMF

• Categories: News & Features / News Stories / Unifeed
• Video Length: 00:01:20
• Production Date: 15 October 2019
• Asset Language: English
• Corporate Name: INTERNATIONAL MONETARY FUND - IMF
• Subject Topical: ECONOMIC GROWTH
• MAMS Id: 2473241
• Parent Id: 2473241
• Alternate Title: unifeed191015a

Description

STORY: IMF / WORLD ECONOMIC OUTLOOK
TRT: 1:20
SOURCE: IMF
RESTRICTIONS: NONE
LANGUAGE: ENGLISH / NATS

DATELINE: 11 OCTOBER 2019, WASHINGTON DC

Shotlist

RECENT - WASHINGTON DC

1. Wide shot, IMF building exterior
2. Close up, IMF logo on building

08 APRIL 2019, WASHINGTON DC

3. SOUNDBITE (English) Gita Gopinath, Chief Economist / Economic Counselor, International Monetary Fund (IMF):
“So, the global economy is in a synchronized slowdown and we are downgrading growth once again for 2019 to three percent, which is the slowest pace since the global financial crisis. Now we project a modest recovery in 2020 to 3.4 percent. However, that remains precarious.”
4. Wide shot, Gopinath being interview
5. SOUNDBITE (English) Gita Gopinath, Chief Economist / Economic Counselor, International Monetary Fund (IMF):
“The major downside risk to the outlook is heightened trade tensions and geopolitical tensions. This could derail an already fragile recovery that we're projecting for emerging markets and developing economies and including the euro area.”
6. Wide shot, Gopinath being interview
7. SOUNDBITE (English) Gita Gopinath, Chief Economist / Economic Counselor, International Monetary Fund (IMF):
“So, to rejuvenate growth policymakers should unwind the trade barriers and reduce geopolitical tensions. Monetary policy should remain accommodative, but it cannot be the only game in town. Fiscal policy also should play a role especially in countries that have fiscal space.”

RECENT - WASHINGTON DC

8. Tilt down, IMF building exterior

Storyline

The International Monetary Fund (IMF) sees the global economy slowing to its slowest pace since the global financial crisis of 2008, the Fund’s chief economist Gita Gopinath said ahead of the launch of the World Economic Outlook Tuesday (15 Oct) in Washington.

Gopinath, the first woman to hold the position of chief economist at the IMF, said the global economy is in a “synchronized slowdown and we are downgrading growth once again for 2019 to three percent, which is the slowest pace since the global financial crisis. Now we project a modest recovery in 2020 to 3.4 percent. However, that remains precarious.”

She said ongoing trade conflict and geopolitical tensions are at the heart of lowering the outlook.

SOUNDBITE (English) Gita Gopinath, Chief Economist / Economic Counselor, International Monetary Fund (IMF):
“The major downside risk to the outlook is heightened trade tensions and geopolitical tensions. This could derail an already fragile recovery that we're projecting for emerging markets and developing economies and including the euro area.”

While growth is slowing, there are ways that policymakers can shore up growth in the medium term and reduce the risk of further damage, Gopinath said.

SOUNDBITE (English) Gita Gopinath, Chief Economist / Economic Counselor, International Monetary Fund (IMF):
“So, to rejuvenate growth policymakers should unwind the trade barriers and reduce geopolitical tensions. Monetary policy should remain accommodative, but it cannot be the only game in town. Fiscal policy also should play a role especially in countries that have fiscal space.”