Global economy faces ‘decisive moment’ – IMF’s Gaspar and Gopinath

Policy-makers have “window of opportunity” to help those falling behind in Covid-19 recovery

Gita Gopinath
Gita Gopinath
IMF Staff Photograph/Stephen Jaffe

The world faces a “decisive moment” in its fight against Covid-19 and its efforts to secure a lasting economic recovery, say Vitor Gaspar and Gita Gopinath.

The International Monetary Fund officials – director of fiscal affairs and chief economist, respectively – write that “multilateral action is urgently needed”, as gaps open between those with access to vaccines and those without. Poorer countries are falling further behind because they have limited fiscal space.

In the blogpost, Gaspar and

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