IMF chief says China has "ample" policy space to boost economy amid headwinds

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IMF chief says China has "ample" policy space to boost economy amid headwinds

STORY: IMF chief says China has "ample" policy space to boost economy amid headwinds DATELINE: April 21, 2022 LENGTH: 00:01:21 LOCATION: Washington D.C. CATEGORY: ECONOMY SHOTLIST: 1. various of virtual press conference 2. SOUNDBITE (English): KRISTALINA GEORGIEVA, IMF Managing Director 3. various of economic activities STORYLINE: IMF chief Kristalina Georgieva says that China is capable of boosting its economy amid headwinds, because it has "ample" policy space, both in terms of monetary policy and fiscal policy. SOUNDBITE (English): KRISTALINA GEORGIEVA, IMF Managing Director "We see China capable of boosting the economy, because it has ample policy space. We have seen in the last days, the People's Bank of China taking action to ease conditions for access to credit. And it also has space in terms of fiscal policy." In its latest World Economic Outlook (WEO) report released Tuesday, the IMF slashed global growth forecast for 2022 by 0.8 percentage points to 3.6 percent amid the Russia-Ukraine conflict.

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