Make Kitco Your Homepage

IMF urges continued strong fiscal, monetary support given uncertainty

Kitco News

WASHINGTON (Reuters) - The International Monetary Fund is urging countries to continue strong fiscal and monetary efforts to support their economies given what it sees as a ‘great deal of uncertainty’ about the risks posed by a resurgence in COVID-19 cases and new variants.

“The global economy is at a critical juncture,” IMF spokesman Gerry Rice told reporters at an online briefing. “There remains a great deal of uncertainty.”

Rice said the IMF would release an updated global economic forecast on Jan. 26 that would reflect recent developments, including development and distribution of COVID-19 vaccines and fresh stimulus measures in the United States and Japan.

Reporting by Andrea Shalal

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.