The IMF Managing Director on the State of the World Economy

CHRISTIANE AMANPOUR: What can you tell us that’s on your mind about the increase in some places of coronavirus infections?

KRISTALINA GEORGIEVA, MANAGING DIRECTOR, INTERNATIONAL MONETARY FUND: Well, the headline of our assessment is that the reception is deeper in 2020 than we projected in April. The recovery is going to be slower in 2021 than we projected in April. But the actions governments have taken have put a floor under the word economy and are preventing a massive wave of bankruptcies or unemployment. What we are seeing is that both advanced economies and emerging market economies are faring worse in this assessment if you take out especially China that was first on the curve of the pandemic, and, therefore, what we are saying is, we are not yet out of the woods. We have to concentrate on supportive measures for longer, and we need to think of a recovery that is going to bring forward our world, not slide it backwards.