{"page":"\u003clink rel=\"stylesheet\" href=\"https://lessonplanet.com/assets/packs/css/resources-572d6a42.css\" /\u003e\n\u003clink rel=\"stylesheet\" href=\"https://lessonplanet.com/assets/packs/css/lp_boclips_stylesheets-f4d0de30.css\" media=\"all\" /\u003e\n\u003cdiv data-title='IMF report on global economic outlook' data-url='/boclips/videos/5c54bf7dd8eafeecae1438e1' data-video-url='/boclips/videos/5c54bf7dd8eafeecae1438e1' id='bo_player_modal'\u003e\n\u003cdiv class='boclips-resource-page modal-dialog panel-container'\u003e\n\u003cdiv class='react-notifications-root'\u003e\u003c/div\u003e\n\u003cdiv class='rp-header'\u003e\n\u003cdiv class='rp-type'\u003e\n\u003ci aria-hidden='true' class='fai fa-regular fa-circle-play'\u003e\u003c/i\u003e\nVideo\n\u003c/div\u003e\n\u003ch1 class='rp-title' id='video-title'\u003e\nIMF report on global economic outlook\n\u003c/h1\u003e\n\u003cdiv class='rp-actions'\u003e\n\u003cdiv class='mr-1'\u003e\n\u003ca class=\"btn btn-success\" data-posthog-event=\"Signup: LP Signup Activity\" data-posthog-location=\"body_link_boclips\" data-remote=\"true\" href=\"/subscription/new\"\u003e\u003cspan\u003e\u003cspan\u003eGet Free Access\u003c/span\u003e\u003cspan class=\"\"\u003e for 10 Days\u003c/span\u003e\u003cspan\u003e!\u003c/span\u003e\u003c/span\u003e\u003c/a\u003e\n\u003c/div\u003e\n\u003c/div\u003e\n\u003c/div\u003e\n\u003cdiv class='rp-body'\u003e\n\u003cdiv class='rp-info'\u003e\n\u003cdiv aria-label='Hide resource details' class='rp-hide-info' role='button' tabindex='0'\u003e\u0026times;\u003c/div\u003e\n\u003ci aria-label='Expand resource details' class='rp-expand-info fai fa-solid fa-up-right-and-down-left-from-center' role='button' tabindex='0'\u003e\u003c/i\u003e\n\u003ci aria-label='Compress resource details' class='rp-compress-info fai fa-solid fa-down-left-and-up-right-to-center' role='button' tabindex='0'\u003e\u003c/i\u003e\n\u003cdiv class='rp-rating'\u003e\n\u003cspan class='resource-pool'\u003e\n\u003cspan class='pool-label'\u003ePublisher:\u003c/span\u003e\n\u003cspan class='pool-name'\u003e\n\u003cspan class='text'\u003e\u003ca href=\"/search?publisher_ids%5B%5D=\"\u003e/search?publisher_ids%5B%5D=\u003c/a\u003e\u003c/span\u003e\n\u003c/span\u003e\n\u003c/span\u003e\n\u003c/div\u003e\n\u003cdiv class='rp-description'\u003e\n\u003cspan class='short-description'\u003e1. Wide of International Monetary Fund (IMF) researchers2. Wide of reporters3. SOUNDBITE (English) Simon Johnson, Economic counsellor and director of research department at IMF:\"The question is, after the fiscal stimulus wears off, after...\u003c/span\u003e\n\u003cspan class='full-description hide'\u003e1. Wide of International Monetary Fund (IMF) researchers\u003cbr/\u003e2. Wide of reporters\u003cbr/\u003e3. SOUNDBITE (English) Simon Johnson, Economic counsellor and director of research department at IMF:\u003cbr/\u003e\"The question is, after the fiscal stimulus wears off, after the money is spent, what's going to happen, and I think, 'nearly stalled' is probably the right wording for the US economy in the next couple of quarters, but we do see a recovery in 2009. Remember, net exports, the export sector is doing very well, and we think that the housing sector will find a bottom sometime in the next few quarters and that will help the US economy have pretty good growth within 2009. If you look at the fourth-quarter on fourth quarter basis, we think that it will be moving back up toward potential by the end of 2009.\"\u003cbr/\u003e4. Wide of news conference\u003cbr/\u003e5. Cutaway of deputy director IMF research department Charles Collyns\u003cbr/\u003e6. SOUNDBITE (English) Simon Johnson, Economic counsellor and director of research department at IMF:\u003cbr/\u003e\"Euro area growth is also expected to moderate over the course of this year, but regain momentum in 2009. On a fourth quarter of a fourth quarter basis, growth would fall to 1.3 percent in 2008, before recovering to 1.7 percent in 2009, reflecting the drag from high energy and food prices, tighter financial conditions, slowing global activity, and a much stronger euro.\"\u003cbr/\u003e7. Wide of news conference\u003cbr/\u003e8. SOUNDBITE (English) Simon Johnson, Economic counsellor and director of research department at IMF:\u003cbr/\u003e\"However, we do continue to think the Chinese renminbi is substantially undervalued and we do think there's scope for further appreciation in China and we think that would be helpful as a set of policies that would slightly reduce growth, rebalance the economy, very much in line with what China has repeatedly stated it would like to do, and we think all of that would be moves in the right direction that will be very timely, in this situation.\"\u003cbr/\u003e9. Profile view of IMF researchers\u003cbr/\u003eInflation in the global economy may become the major problem for policy makers in the coming months, researchers from the International Monetary Fund suggested on Thursday.\u003cbr/\u003eAnalysts also say that the global economy is decelerating significantly, and that financial conditions are still very fragile.\u003cbr/\u003eGlobal growth is moderating as surging food and energy prices continue to sap the buying power of the world economy.\u003cbr/\u003eSo far, the global economy has taken these shocks in its stride, according to Simon Johnson, Chief Economic Researcher at the International Monetary Fund, but there may not be much room left to absorb additional economic challenges.\u003cbr/\u003eJohnson refused to declare the US economy in recession, but did suggest that the world's largest economy has \"nearly stalled.\"\u003cbr/\u003eAs for Europe, Johnson said economic growth is expected to moderate during 2008, but begin to pick up steam by the fourth quarter of 2009.\u003cbr/\u003eEmerging and developing economies are expected to lose further steam throughout 2008, but still maintain a robust 7 percent growth rate.\u003cbr/\u003eIn China, according to the IMF, growth will moderate from near 12 percent in 2007 to around ten percent in 2008-2009.\u003cbr/\u003eOn the subject of the value of the Chinese yuan, Johnson suggested that the currency is undervalued.\u003cbr/\u003e\"We do think there's scope for further appreciation in China and we think that would be helpful as a set of policies that would slightly reduce growth, rebalance the economy, very much in line with what China has repeatedly stated it would like to do,\" Johnson said.\u003cbr/\u003eThe IMF has raised inflation projections for both advanced and developing economies.\u003cbr/\u003eIn advanced economies, slowing demand should help control inflation, according to Johnson.\u003cbr/\u003eHe also said that developing economies may be hardest hit by 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