• SOURCE: IMF

IMF World Economic Outlook

ID

487266

Description
Global growth is strengthening and is broad-based, but pockets of negative growth and concern over debt-levels mean that policy makers must not be complacent, the IMF announced in the latest World Economic Outlook Tuesday.
Shotlist
Washington, DC – Recent 1. B-ROLL: Exterior IMF Washington, DC --- 10 October 2017 2. SOUNDBITE: (English) Maury Obstfeld, IMF Research Department Director: “We are really pleased to be able to raise our growth forecast for this year and next year by point one percent in each case. We expect global growth this year to be 3.6 percent and next year 3.7 percent. It's hard not to be excited about that because it is a very broad-based recovery. We see it in advanced economies, in emerging Asia, in emerging Europe including in Russia." 3. Midshot Obstfeld 4. SOUNDBITE: (English) Maury Obstfeld, IMF Research Department Director: "There are very obvious geopolitical risks, but also asset prices may be stretched creating the risk of re-pricing, there are risks from volatile capital flows as central banks re-normalize and as the (U.S.) Dollar may appreciate. Perhaps the biggest risk is that policy makers don't use this opportunity to do strong reforms." 5. Midshot Obstfeld 6. SOUNDBITE: (English) Maury Obstfeld, IMF Research Department Director: "We are currently occupying a global environment of opportunity for policy and our three-pronged approach definitely applies. First and foremost it is a great opportunity for structural reforms. Fiscal policy has a role to play, and particularly it can move toward consolidation in some cases if it moves gradually. Inflation remains puzzlingly low so it is important for monetary policy as it normalizes to remain cautious. And finally financial stability remains on the agenda. It's important to move forward and not to backtrack." Washington, DC – Recent 7. B-ROLL: Exterior IMF
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