{"page":"\u003clink rel=\"stylesheet\" href=\"https://lessonplanet.com/assets/packs/css/resources-c03aa079.css\" /\u003e\n\u003clink rel=\"stylesheet\" href=\"https://lessonplanet.com/assets/packs/css/lp_boclips_stylesheets-517835be.css\" media=\"all\" /\u003e\n\u003cdiv data-title='International Monetary Fund world economic forecast' data-url='/boclips/videos/5c54c597d8eafeecae1715da' data-video-url='/boclips/videos/5c54c597d8eafeecae1715da' 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\nInternational Monetary Fund world economic forecast\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 data-publisher-id=\"30356011\" href=\"/search?publisher_ids%5B%5D=30356011\"\u003eCurated Video\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 shot of news conference 2. Cutaway reporter3. SOUNDBITE: (English) Olivier Blanchard, IMF Economic Counsellor and Director of Research:\"Global prospects have definitely improved since we last met in October. The world economy is...\u003c/span\u003e\n\u003cspan class='full-description hide'\u003e1. Wide shot of news conference \u003cbr/\u003e2. Cutaway reporter\u003cbr/\u003e3. SOUNDBITE: (English) Olivier Blanchard, IMF Economic Counsellor and Director of Research:\u003cbr/\u003e\"Global prospects have definitely improved since we last met in October. The world economy is recovering. We project world growth to be about 4 per cent in 2010 and 4.3 per cent in 2011. The recovery remains however largely policy driven and it is increasingly a multi-speed recovery. We have, in a sense, moved from a remarkably synchronised global downturn to a more differentiated global recovery.\"\u003cbr/\u003e4. Push in view detail of IMF World Economic Outlook report \u003cbr/\u003e5. SOUNDBITE: (English) Olivier Blanchard, IMF Economic Counsellor and Director of Research:\u003cbr/\u003e\"In the US, growth in 2010 will still be largely driven by inventory investment on the one hand and fiscal policy on the other, and the challenge remains of durably replacing these sources of growth by sustained growth in private demand, be it consumption, investments or net exports.  Without completing the relay to private demand, a strong and lasting recovery cannot be achieved. Very similar issues arise for both the Euro and Japan.\" \u003cbr/\u003e6. Wide of news conference \u003cbr/\u003e7. SOUNDBITE (English) Jose Vinals, IMF Financial Counsellor:\u003cbr/\u003e\"Even with this overall improvement however, the repair of the financial system is by no means complete and financial stability remains fragile.\" \u003cbr/\u003e8. Wide shot of news conference\u003cbr/\u003e9. Images of IMF report\u003cbr/\u003e10. SOUNDBITE: (English) Jorg Decressin, IMF Chief World Economic Studies Division:\u003cbr/\u003e\"In our view we don''t see a serious risk of a market bubble in China. Asset prices in some specific sectors, in some specific regions of China may be frothy but there certainly is no widespread asset price bubble.\"\u003cbr/\u003e11. Cutaway reporters \u003cbr/\u003eIn its latest global economic outlook, the International Monetary Fund reports the world economy is recovering at a healthy pace but still needs government stimulus efforts to keep it going.\u003cbr/\u003eThe IMF raised its forecast for world economic growth in 2010 to nearly 4 percent, up from an estimate of 3.1 percent last October. \u003cbr/\u003e\"Global prospects have definitely improved since we last met in last October, \" said the IMF''s chief economist Olivier Blanchard.\u003cbr/\u003eThe IMF expects the US economy to grow by 2.7 percent this year, significantly higher than its previous forecast of 1.5 percent.\u003cbr/\u003eBut with unemployment high in many countries and credit tight, the recovery in the United States and other advanced economies \"is still expected to be weak by historical standards,\" the IMF said in a quarterly update of its World Economic Outlook.\u003cbr/\u003eBlanchard told reporters that in the US, \"growth in 2010 will still be largely driven by inventory investment on the one hand and fiscal policy on the other\" and that challenges remain in replacing these sources of financing.\u003cbr/\u003eHe added that similar issues will be faced in the the Euro zone and Japan. \u003cbr/\u003eThe IMF also projected that the 15 nations that use the euro would grow by 1 percent in 2010, up from its 0.3 percent estimate in October. \u003cbr/\u003eIt kept its estimate for Japan the same, at 1.7 percent growth.\u003cbr/\u003eIt forecast China''s growth this year at 10 percent, and said key emerging economies in Asia are leading the global recovery.\u003cbr/\u003eA \"key risk\" to the recovery \"is that a premature and incoherent exit\" from the low interest rates set by many central banks and other stimulus programs \"may undermine global growth,\" the IMF said.\u003cbr/\u003eThe IMF''s Financial Counsellor, Jose Vinals, told reporters that \"the repair of the financial system is by no means complete and financial stability remains fragile.\" \u003cbr/\u003eJorg Decressin, chief of the World Economic Outlook Studies Division, said the IMF''s believed there was\"no widespread asset price bubble\" in China despite some frothiness in certain regions.\u003cbr/\u003eThe IMF provides loans and other assistance to troubled countries and has 186 member nations. \u003cbr/\u003eIt also performs economic analysis and monitoring.\u003cbr/\u003e\u003c/span\u003e\n\u003c/div\u003e\n\u003cdiv class='action-container flex justify-between'\u003e\n\u003cbutton aria-expanded='false' aria-label='Read more description' class='rp-full-description' type='button'\u003e\n\u003ci class='fai fa-solid fa-align-left'\u003e\u003c/i\u003e\n\u003cspan id='read_more'\u003eRead More\u003c/span\u003e\n\u003c/button\u003e\n\u003cdiv class='rp-report'\u003e\n\u003c/div\u003e\n\u003c/div\u003e\n\u003cdiv aria-labelledby='resource-details-heading' class='rp-info-section'\u003e\n\u003ch2 class='title' 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