• SOURCE: IMF

IMF WEO Update

ID

479297

Description
The world economy shows solid growth in the latest update to the IMF’s World Economic Outlook. But there are risks on the horizon and the IMF is calling on countries to use the current brighter environment to shore up their economic safeguards and invest in policies that lead to inclusive growth.
Shotlist
Washington, DC – Recent 1. B-ROLL: Exterior IMF Washington, DC --- 20 July 2017 2. Midshot, Maury Obstfeld 3. SOUNDBITE: (English) Maury Obstfeld, IMF Research Department Director: “Our projections are broadly unchanged since April, but there have been some changes between country groups… some are up, some are down. The US and UK are a little bit down. But Europe is up, Japan is up, and emerging markets including China are up.” 4. Midshot, Maury Obstfeld 5. SOUNDBITE: (English) Maury Obstfeld, IMF Research Department Director: “We view the risks as broadly balanced in the short term but somewhat to the downside over the longer run. It could be that Europe’s growth is higher than we expect given the receding of political risks there. It could also be that we see geo-political factors which lower growth or inward looking policies. Over the longer term we worry about China’s growth model and whether it is sustainable. And we also worry about stretched asset valuations.” 6. Midshot, Maury Obstfeld 7. SOUNDBITE: (English) Maury Obstfeld, IMF Research Department Director: “For advanced economies we still see inflation and wage growth that is extremely subdued. Policy support may be necessary, especially in countries with open output gaps. For emerging markets’ structural reforms are necessary, as they are in advanced markets. Financial stability remains a priority and everywhere we have to think about inclusive growth and make that a priority.” Washington, DC – Recent 8. B-ROLL: Exterior IMF
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