(Fighting New Crown Pneumonia) IMF President: Affected by the epidemic, the global economy will decline in 2020 and a rebound is expected in 2021.
China News Agency, Washington, March 23 (Reporter Sha Tingting) President of the International Monetary Fund (IMF) Georgieva issued a statement on the 23rd local time, saying that due to the new crown pneumonia epidemic, the global economy will decline in 2020 It is expected to rebound in 2021.
Georgieveva issued a statement on the IMF's official website after a conference call with the G-20 finance ministers and the central bank governor. She said that negative economic growth will occur in 2020, but the economy is expected to recover in 2021. For this reason, the most important thing is to prioritize the implementation of prevention and control measures and strengthen the health system. At present, the economy has been and will continue to be severely affected, but the sooner the epidemic is controlled, the faster and stronger the economic recovery will be.
Georgiyeva said that the IMF supports special fiscal actions to strengthen health systems and protect workers and businesses affected by the outbreak, and welcomes the central bank's measures to relax monetary policy. These measures are not only in the interests of each country, but also in the overall interests of the global economy.
Regarding the impact of the epidemic, Georgieva believes that developed economies are generally better able to cope with the crisis, but many emerging markets and low-income countries face serious challenges. These countries have been severely affected by capital outflows, and as countries take measures to respond to the outbreak, their domestic economic activities will be severely impacted.
Georgieva said that the IMF will take measures to expand emergency financing on a large scale, supplement disaster control and mitigation trusts, and deploy US $ 1 trillion in loan capacity at any time, and will work closely with other international institutions to provide a strong and coordinated Response, which will pay particular attention to low-income countries in debt trouble.
Georgiyeva said that it is currently in an extraordinary period and many countries are taking unprecedented measures. The IMF will work with all member states to support people around the world. (Finish)