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

The IMF published its latest World Economic Outlook on Tuesday, forecasting the global economy will contract by 4.4% in 2020.

The IMF said China, however, holds the distinction of being the only major economy projected to achieve growth in 2020, forecast to hit 1.9% for the year.

And in its outlook, the IMF said it expects China’s growth will accelerate to 8.2 percent next year.

In an exclusive interview, CGTN’s Yin Yue spoke to Vitor Gaspar, Director of the Fiscal Affairs Department of the IMF, about global economic recovery and what fiscal risks China and world face now.