"Carefully restart economic activities while selecting priority areas" IMF Executive Director

"Carefully restart economic activities while selecting priority areas" IMF Executive Director April 17, 9:18

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In an interview with NHK, managing director Georgieva, head of the IMF = International Monetary Fund, has given priority to the fact that economic activity is restarting in China, Europe and the United States, as the spread of the new coronavirus has reached its peak. He acknowledged that he should carefully implement the selected fields.

Georgieva, Executive Director of the IMF, headquartered in Washington, responded to a NHK telephone interview on the 16th.

Among them, on the 14th of this month, about the reason that the world's economic growth rate of this year is expected to be the worst since the Great Depression that began in 1929, "This time it is a human health crisis, The conventional demand stimulus measures to restore the economy are completely out of place. It's not the same as the crisis so far, "he stressed the seriousness of the situation.

On the other hand, in China, Europe, and the United States, there is a movement to resume economic activity as the spread of infection has passed the peak, "I hope that the economy will eventually resume and recover, but how? Careful consideration should be given to whether or not to proceed. ”He acknowledged that economic experts and medical and infectious disease experts should cooperate carefully and proceed.

In addition, he said, "We should prioritize, such as restarting from a production site with low risk of spread of infection and automation," and emphasized the need to identify regions and industries that have no problems restarting. .

Declaration of emergency by Japanese government Support for national expansion

Georgieva, Executive Director, said that the Japanese government has expanded the area covered by the "Emergency Declaration" nationwide, saying, "Japan has taken decisive action since the beginning of the crisis, but now the spread of Protecting the country from the economic downturn is essential for a future recovery. "

In addition, the Japanese government announced that it will lend about 500 billion yen to the IMF fund provided to finance low-income countries. "Japan is taking a leadership role in supporting developing countries. I am grateful to Japan. "

"Caution is needed for China's economic recovery"

Georgiewa, executive director, said the outlook for China's economy is resuming activity: "There are signs of recovery in the production sector, but entertainment and restaurants have not yet recovered. People are affected by the psychological effects of the pandemic. I don't want to go out, "he said, recognizing that the economy as a whole needs to be on track to recover.

The IMF predicts that China's economic growth rate in 2020 will drop by nearly 5 points from last year to 1.2%, the lowest level in 44 years since 1976 when it fell to negative growth.