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Added on the 04/03/2020 15:27:38 - Copyright : AFPTV - First images
"Global growth in 2020 will dip below its last year's levels," says International Monetary Fund chief Kristalina Georgieva, "but how far it will fall and how long the impact will be, is still difficult to predict." Georgieva was speaking after all 189 members of the IMF said they were united in addressing the challenges posed by COVID-19. SOUNDBITE
FRANCE 24 spoke to IMF Managing Director Kristalina Georgieva at the World Economic Forum in Davos. Gloomy economic forecasts have cast a long shadow over this year's event in the Swiss Alps. But Georgieva said that although the IMF projects 2023 to be "a difficult year" and for growth to fall further, "we don't expect a global recession". She cited resilient labour markets and consumer spending, the post-Covid reopening of China and signs of inflation trending downwards.
IMF chief Kristalina Georgieva warns the global recession risks are rising and urges policy action "to regroup and to rethink how can we adopt a more proactive precautionary mindset that we had in the past." SOUNDBITE
At the COP26 summit in Glasgow, the IMF is urging rich countries to keep the promises they made when they signed the Paris Agreement in 2015. Developed countries pledged $100 billion per year to help poorer countries reduce carbon emissions, a target that has not yet been met. Kate Moody spoke to Kristalina Georgieva, Managing Director of the International Monetary Fund, about how to close the financing gap and, more broadly, how to keep the goal of a 1.5°C temperature rise alive.
President Donald Trump's fourth Chief of Staff, Mark Meadows, is not winning any popularity contests among the president's aides. In a jaw-dropping exchange Sunday with CNN's Jake Tapper, Meadows said bluntly, 'We are not going to control the pandemic.' A Trump campaign adviser said there is widespread frustration over Meadows' comments, as well as his leadership more broadly. Sources say Trump remains displeased with how Meadows handled the crisis surrounding his own bout with coronavirus. Early in the crisis, Meadows came to view the White House coronavirus task force, led by Vice President Mike Pence, as largely irrelevant. He has not intervened as Dr. Scott Atlas, a radiologist with no experience in public health, undermines health experts and poo-poos mask-wearing. Besides downplaying the pandemic, Meadows has encouraged Trump to carry on his large-scale rallies, despite a nationwide surge in cases.
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