IMF chief says China's recovery helps global recovery
Updated 13:00, 16-Oct-2020
Yin Yue

The International Monetary Fund and World Bank annual meetings kicked off in Washington, D.C., this week. 

The IMF in April warned that the world faces the worst recession since Great Depression of the 1930s.

The IMF released its latest World Economic Outlook this week, predicting global GDP will contract by 4.4 percent in 2020.

The forecast was slightly better than its last one in June, but the organization still warned of a "long, uneven and uncertain" recovery from the coronavirus pandemic. 

China continues to be the only economy in the world to show positive growth in 2020 as its GDP is predicted to expand 1.9 percent this year, according to the IMF report.

In an exclusive interview, CGTN's Yin Yue spoke to Kristalina Georgieva, managing director of the IMF, about the global economic recovery from the coronavirus pandemic and why China may lead the way.

"China put in place massive fiscal and monetary stimulus," Georgieva said. "And China has been very effective in containing the spread of the virus."

She added, "China's growth for this year…This is going to be good for China. It is also good for the world economy."