Make Kitco Your Homepage

Faster coronavirus recovery could add $9 trillion to global income by 2025: Georgieva

Kitco News

WASHINGTON (Reuters) - Speeding up the recovery from the coronavirus recession can add $9 trillion global income by 2025, International Monetary Fund Managing Director Kristalina Georgieva said on Thursday, adding that this depended on strong international cooperation, including on vaccines.

Speaking at a news conference after a meeting of the IMF’s steering committee, Georgieva also called on the United States and China to keep up strong economic stimulus that can help boost global recovery.

“If we may make fast progress everywhere, we could speed up the recovery. And we can add almost $9 trillion to global income by 2025, and that in turn could help narrow the income gap between richer and poorer nations,” Georgieva said.

Reporting by David Lawder and Rodrigo Campos

Disclaimer: The views expressed in this article are those of the author and may not reflect those of Kitco Metals Inc. The author has made every effort to ensure accuracy of information provided; however, neither Kitco Metals Inc. nor the author can guarantee such accuracy. This article is strictly for informational purposes only. It is not a solicitation to make any exchange in commodities, securities or other financial instruments. Kitco Metals Inc. and the author of this article do not accept culpability for losses and/ or damages arising from the use of this publication.