IMF's Chief Economist Gita Gopinath on the global financial recovery in the wake of COVID-19
April 9, 2021 / 6:00 AM
/ CBS News
In this episode of
Facing
Forward, Margaret Brennan talks to the International Monetary Fund's Chief Economist Gita Gopinath as the global economy is set to expand at the fastest pace in decades. But while vaccines and trillions in pandemic-related government spending gave a much needed jolt to the worldwide economy, IMF's latest findings warn of an unequal recovery around the world.
Listen to
Highlights
On preventing an all-out global financial crisis during COVID: "What did go right was that policy support really stepped up and the mistakes that were made after the global financial crisis were not repeated again. There was about 16 trillion dollars that were deployed and put in the system, way more than anything that was done after the global financial crisis. And I think that was one very important measure that helped put a floor on the collapse, including what central banks did, of course, in preventing a global financial crisis this time around."