“Moratoriums on debt payments and debt restructuring may need to be continued during the coronavirus recovery phase,” Gita Gopinath, the International Monetary Fund’ (IMF) chief economist, said on Tuesday. Key takeaways “Debt to GDP levels will stabilize as economy recovers.” “IMF is projecting a significant increase in debt over next year.” “Some countries will require aid, debt restructuring.” “Downside risks prevail in global outlook.” “Broad-based fiscal stimulus is needed once we are past the pandemic stage.” “Building up health systems is required to prepare for the next crisis.” “We are seeing signs of recovery in China.” “Important for official creditors to provide debt relief to poor countries.” “Europe debt levels should come down once recovery is underway.” “Britain has taken an aggressive fiscal approach to coronavirus.” Market reaction Markets seem to be paying little to no mind to these comments. As of writing, the S&P 500 futures were up 1.65% on the day. 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 USD/JPY Price Analysis: Seems vulnerable near 2-week lows, below mid-107.00s FX Street 2 years "Moratoriums on debt payments and debt restructuring may need to be continued during the coronavirus recovery phase," Gita Gopinath, the International Monetary Fund' (IMF) chief economist, said on Tuesday. Key takeaways "Debt to GDP levels will stabilize as economy recovers." "IMF is projecting a significant increase in debt over next year." "Some countries will require aid, debt restructuring." "Downside risks prevail in global outlook." "Broad-based fiscal stimulus is needed once we are past the pandemic stage." "Building up health systems is required to prepare for the next crisis." "We are seeing signs of recovery in China." "Important for official creditors to provide… 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.
