About: http://data.cimple.eu/news-article/835917bb2362fd25c5e8f02348012b1a25d6cc06a07bf121cb71b725

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About: http://data.cimple.eu/news-article/835917bb2362fd25c5e8f02348012b1a25d6cc06a07bf121cb71b725 Goto Sponge NotDistinct Permalink

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rdf:type	schema:NewsArticle
schema:articleBody	A key lesson from the 2008 global financial crisis was that governments should not remove stimulus measures too soon, IMF chief Kristalina Georgieva said Monday. "Please spend, spend as much as you can. But keep the receipts," Georgieva said during a fireside chat. "We should be very careful not to withdraw support too quickly," she warned. "Remember we did it after the global financial crisis, and that had unintended negative consequences for quite some time." The IMF chief again noted that the world economy is facing the first truly global crisis since World War II, that will cause the fund to downgrade growth estimates for many economies. "For a majority of countries we will be revising projections downwards. For a small number of countries, we will be revising upwards," she said during the virtual panel organized by GLOBSEC, Institute Montaigne (IM), and Bruegel think tanks. The IMF's updated World Economic Outlook due out June 24. The Washington-based crisis lender has rushed out billions of dollars in emergency financing at a blistering pace since the crisis first began. Georgieva praised governments for the "massive fiscal measures" totaling about $10 trillion -- compared to just $1 trillion in the wake of the global financial crisis. But the recovery, "cannot be carried out without growth or effort." hs/jm
schema:headline	Spend more, keep receipts: IMF's Georgieva
schema:mentions	Michel de Montaigne Great Recession International Monetary Fund World War II Pieter Bruegel the Elder Fireside chats Globsec Kristalina Georgieva Financial crisis of 2007–2008
schema:author	http://data.cimple.eu/organization/1f0054d541e000623a2c1e561a247c073ef6328e8be9ffafda7b3fcd
schema:datePublished	2020-06-15 (xsd:date)
http://data.cimple...sPoliticalLeaning	other political leaning
http://data.cimple...logy#hasSentiment	positive sentiment
http://data.cimple...readability_score	64 (xsd:integer)

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