The Chief Economist and Director, Research Department at the IMF, Ms Gita Gopinath said this in her presentation of the World Economic Outlook for 2019 on Tuesday in Washington DC.
“This pickup is supported by significant monetary policy accommodation by major economies made possible by the absence of inflationary pressures in spite of growing at near potential. Gopinath expressed satisfaction with the outlook for U.S.-China trade tensions which according to the IMF had improved.
“A deterioration in market sentiment could rapidly tighten financing conditions in an environment of large private and public sector debt in many countries, including sovereign-bank doom loop risks,’’ she said.
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