China News Agency, Washington, October 14 (Reporter Sha Hanting) International Monetary Fund (IMF) President Georgieva said at the IMF autumn annual meeting on the 14th local time that the global economy is currently recovering from the crisis. All countries should strengthen cooperation and overcome the crisis together.

On October 14, local time, Georgieva, President of the International Monetary Fund (IMF), attended the IMF autumn annual meeting in a video, and said that the current global economy is recovering from the crisis, and countries should strengthen cooperation and overcome the crisis together.

The picture shows the profile picture of Georgieva attending the event in October 2019.

Photo by China News Agency reporter Sha Hanting

　　Georgieva attended the press conference of the IMF autumn annual meeting by video and delivered a speech.

She said that the fight against the new crown epidemic crisis has lasted for 9 months. The epidemic has claimed more than 1 million lives and has also severely damaged the world economy.

The IMF predicts that the global economy will shrink by 4.4% in 2020, the most serious economic crisis since the Great Depression of the last century.

In the next five years, this crisis will cause global losses of 28 trillion US dollars.

　　Georgieva also said that although reality is "dark", "starlight" can already be seen.

The policy support introduced by various countries has been effective; the development of treatments and vaccines for new coronary pneumonia is also progressing smoothly.

The IMF predicts that the global economy will grow by 5.2% in 2021, but the economic recovery will be partial and uneven.

　　Georgieva pointed out that in order to achieve economic recovery, countries should formulate policies from three key points.

One is to ensure the safety of public lives.

Only when the epidemic is contained anywhere in the world can a long-term economic recovery be achieved.

The second is to build a more resilient and tolerant economy, such as increasing support for public utilities represented by green environmental protection projects.

Third, properly handle debt, especially in low-income countries.

Georgieva said that by 2021, the global public debt will reach the highest value in history, equivalent to 100% of global GDP.

　　Georgieva emphasized that strong international cooperation is essential to overcome the crisis, especially in vaccine development and distribution.

These medical advances will accelerate economic recovery.

　　Affected by the epidemic, this year's IMF autumn annual meeting will be conducted online.

In the new "World Economic Outlook Report" released on the 13th, the IMF predicts that the global economy will shrink by 4.4% this year, and it is expected to grow by 5.2% in 2021.

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