Rice said at the press conference she held via video conferencing that the global economy is at a critical juncture.
Pointing out that countries are starting to emerge from the depths of the crisis, Rice said that the increase in new types of coronavirus (Kovid-19) shows how difficult and uncertain the recovery will be.
Interest statement from the Fed!
THE WORLD ECONOMIC OUTLOOK REPORT WILL BE UPDATED ON JANUARY 26
Stressing that there is still great uncertainty about the economic outlook, Rice said, “So, it’s not time to give up our efforts. Policy intervention is unique in many ways, if you look at fiscal and monetary policy efforts, it has been strong and should continue to be strong. said.
Stating that the update of the World Economic Outlook report will be released on January 26, Rice said that the report will include global economic forecasts that will reflect the latest developments.
The IMF, in its latest report published in October 2020, stated that the contraction in the global economy will be less than predicted by the second quarter gross domestic product (GDP) data, which is better than the estimations in developed economies, and that the world economy shrinks by 4.4 percent in 2020, He reported that it is expected to grow by 5.2 percent in 2021.
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