Imf Chief On Coronavirus

Accelerating the pace of vaccinations worldwide will be key not just to containing the coronavirus pandemic, but also to resolving the speed bumps besetting the global economic recovery, IMF chief Kristalina Georgieva said Thursday.

India has been at the forefront in fighting the coronavirus pandemic and "really stands out" in terms of its vaccine policy, Chief Economist of the IMF Gita Gopinath said on Monday, as she hailed the country for playing a very important role during the crisis by manufacturing and shipping the COVID-19 vaccines to several nations.

Amid a flood of government spending, the global downturn sparked by the coronavirus pandemic will not be as bad as originally feared, IMF chief Kristalina Georgieva said Tuesday, but she warned that the crisis is far from over.

India will grow at slightly over 1 per cent over 2020 and 2021, Gita Gopinath, chief economist of the International Monetary Fund (IMF) said on Thursday, as the global agency found that the coronavirus pandemic has caused wider and deeper damage to economic activity than first thought.

IMF chief economist Gita Gopinath said that the cumulative loss for the world economy this year and next as a result of the recession is expected to reach $12.5 trillion.

Governments around the world have spent $10 trillion in fiscal actions to respond to the novel coronavirus pandemic and its economic fallout, but significant further efforts are needed, the head of the International Monetary Fund said on Thursday.

Developing countries may be the hardest hit economically by the coronavirus, International Monetary Fund managing director Kristalina Georgieva said on Monday, adding the IMF stands ready to help.

The IMF chief said the COVID-19 disease is adding immense pressure on emerging markets suffering from lost commerce, reduced exports and massive capital outflows.

India saw the highest jump in coronavirus or COVID-19 cases on Saturday with 194 patients testing positive for the highly contagious illness in different parts of the country. The total is now 918, which includes 19 deaths, according to the Union Health Ministry. A vaccine is still at least 12 to 18 months away, the World Health Organization has sa...

Global governments must work together to provide massive spending as in the 2008 financial crisis to help the economy withstand the damage from the coronavirus pandemic, International Monetary Fund (IMF) chief Kristalina Georgieva said on Monday.

The new coronavirus epidemic poses a "serious threat" to people and the world economy, and will slow growth below the 2.9 per cent posted last year, IMF chief Kristalina Georgieva said on Wednesday.

Accelerating the pace of vaccinations worldwide will be key not just to containing the coronavirus pandemic, but also to resolving the speed bumps besetting the global economic recovery, IMF chief Kristalina Georgieva said Thursday.

India has been at the forefront in fighting the coronavirus pandemic and "really stands out" in terms of its vaccine policy, Chief Economist of the IMF Gita Gopinath said on Monday, as she hailed the country for playing a very important role during the crisis by manufacturing and shipping the COVID-19 vaccines to several nations.

Amid a flood of government spending, the global downturn sparked by the coronavirus pandemic will not be as bad as originally feared, IMF chief Kristalina Georgieva said Tuesday, but she warned that the crisis is far from over.

India will grow at slightly over 1 per cent over 2020 and 2021, Gita Gopinath, chief economist of the International Monetary Fund (IMF) said on Thursday, as the global agency found that the coronavirus pandemic has caused wider and deeper damage to economic activity than first thought.

IMF chief economist Gita Gopinath said that the cumulative loss for the world economy this year and next as a result of the recession is expected to reach $12.5 trillion.

Governments around the world have spent $10 trillion in fiscal actions to respond to the novel coronavirus pandemic and its economic fallout, but significant further efforts are needed, the head of the International Monetary Fund said on Thursday.

Developing countries may be the hardest hit economically by the coronavirus, International Monetary Fund managing director Kristalina Georgieva said on Monday, adding the IMF stands ready to help.

The IMF chief said the COVID-19 disease is adding immense pressure on emerging markets suffering from lost commerce, reduced exports and massive capital outflows.

India saw the highest jump in coronavirus or COVID-19 cases on Saturday with 194 patients testing positive for the highly contagious illness in different parts of the country. The total is now 918, which includes 19 deaths, according to the Union Health Ministry. A vaccine is still at least 12 to 18 months away, the World Health Organization has sa...

Global governments must work together to provide massive spending as in the 2008 financial crisis to help the economy withstand the damage from the coronavirus pandemic, International Monetary Fund (IMF) chief Kristalina Georgieva said on Monday.

The new coronavirus epidemic poses a "serious threat" to people and the world economy, and will slow growth below the 2.9 per cent posted last year, IMF chief Kristalina Georgieva said on Wednesday.