A premature withdrawal of policy support could lead to worse outcomes in the global economy, Gita Gopinath, the Chief Economist of the International Monetary Fund (IMF), said on Tuesday, as reported by Reuters. Additional takeaways “The economic crisis in 2020 remains the worst peacetime global contraction since the Great Depression.” “The global economy may exit the crisis with less scarring than feared if vaccines and therapies remain effective against COVID-19.” “The world likely to see an increase in bankruptcies when pandemic measures are withdrawn, which could have an impact on fragile banking systems.” “Debt levels are at record highs in many countries, important for all countries to have medium-term plans that ensure debt remains stable.” Market reaction These remarks don’t seem to be affecting the market sentiment. As of writing, the S&P 500 Futures were up 0.07% on the day at 3,851. FX Street FX Street FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions. View All Post By FX Street FXStreet News share Read Next Gold Price Analysis: XAU/USD remains confined in a range, forming a symmetrical triangle FX Street 1 year A premature withdrawal of policy support could lead to worse outcomes in the global economy, Gita Gopinath, the Chief Economist of the International Monetary Fund (IMF), said on Tuesday, as reported by Reuters. Additional takeaways "The economic crisis in 2020 remains the worst peacetime global contraction since the Great Depression." "The global economy may exit the crisis with less scarring than feared if vaccines and therapies remain effective against COVID-19." "The world likely to see an increase in bankruptcies when pandemic measures are withdrawn, which could have an impact on fragile banking systems." "Debt levels are at record highs in many… Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.
