IMF urges continued strong fiscal, monetary support given uncertainty

FILE PHOTO: The International Monetary Fund (IMF) headquarters building is seen in Washington, U.S., April 8, 2019. REUTERS/Yuri Gripas/File Photo

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.

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