'Nice to hand the stick': Gita Gopinath's message after resigning when the IMF economist's head

Indian-American Economist Gita Gopinath on Wednesday Shares Video messages about the economic outlook for the international monetary world, the last as chief economist, where he talked about global challenges.

Gita Gopinath also hopes for his successor, France economist Pierre-Olivier Gourinchas, the best. He has taken over as the Deputy First Director of the IMF on January 21.

“Today is the release of my last world economic outlook,” Gopinath tweeted. “Happy to hand stick to Pierre-Olivier Gourinchas and hope the best.”

In the video installed on Tweet, Gopinath said that the IMF had a decrease in global growth in 2022.

“There are many challenges facing the global economy,” Gopinath said. “We are still in the grip of the pandemic. Inflation is too high in many countries. There is a supply disruption in many places. But at the same time, global recovery continues. Let us be able to produce 2022 years we are truly out of pandemic. It will be need more global cooperation. “

Gopinath added that he hoped to continue to do a little to help the world achieve “recovery that was far more durable”.

The IMF’s first deputy executive director has warned that in most countries, monetary policy is at a critical and global point, the economy must adapt to higher interest rates.

“Where broad-based inflation is in addition to strong recovery, such as in the United States, or high inflation runs risks into entrenched, such as in several developing markets and developing economic and advanced economics, extraordinary monetary policy support must be withdrawn,” Gopinath wrote inside An article that accompanied the IMF update to the World Economic Outlook report, which was released on January 25.

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