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Added on the 13/10/2020 15:07:46 - Copyright : AFPTV - First images
The International Monetary Fund projects the global economy will grow 5.9 percent in 2021 and 4.9 percent in 2022, IMF chief economist Gita Gopinath says. SOUNDBITE
Tokyo, Mar 9 (EFE/EPA).- Japan's economy contracted by 4.8 percent in 2020, according to revised data published Tuesday by the government, which maintained its initial estimate, although it reported a lower investment and revised down the growth in the last quarter of the year.The revised report released by the Cabinet Office on Tuesday confirms the first contraction in the country's GDP since the record 5.7 percent decline it registered in 2009.That year, the Asian country's economy was impacted by the financial crisis sparked by the collapse of Lehman Brothers, and last year by the coronavirus pandemic. (Camera: ARCHIVE).B-ROLL OF ECONOMIC ACTIVITIES IN TOKYO, JAPAN.
Seoul, Apr 23 (EFE/EPA).- South Korea's gross domestic product (GDP) contracted 1.4 percent in the first quarter of 2020 compared to previous three months due to the impact of the coronavirus crisis, according to data published by the Bank of Korea on Thursday.This is the worst figure since the Asian country contracted some 3.3 percent in the fourth quarter of 2008 due to the global financial crisis that started with the collapse of the American investment bank Lehman Brothers. (Camera: JEON HEON-KYUN). SHOT LIST: STREETS AND SHOPPING CENTERS IN SEOUL, SOUTH KOREA.
International Monetary Fund Managing Director Kristalina Georgieva says during a press conference in Davos that the IMF has lowered the global growth forecast for 2020 and 2021. SOUNDBITE
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