IMF Urges Continuous Support for Economies amid Pandemic

The International Monetary Fund (IMF) has called upon countries to maintain support for economies amid the complications and risks resulting from the Coronavirus pandemic.

 “The global economy is at a critical juncture,” said the IMF spokesman Gerry Rice, Reuters reported.

“There remains a great deal of uncertainty. The prospect for a still very difficult period ahead with infection surges and people continuing to suffer.”

“We expect the recovering to pick up in the second quarter, supported by pent-up demand and restored business confidence, along with support from fiscal and monetary policies.”

The IMF is set to issue a new update on its forecast for the global economy on January 26.

Speaking about the recent attack on the U.S. Capitol, Rice said that “these events underscore the importance of peaceful and civil discourse, and the need to nurture and protect strong and independent institutions.”