Skip to content
economics

The IMF’s Chief Economist on Lessons From the ‘Great Lockdown’

The IMF’s Chief Economist on Lessons From the ‘Great Lockdown’

Gita Gopinath

Gita Gopinath

Photographer: Jason Alden/Bloomberg
Gita Gopinath
Photographer: Jason Alden/Bloomberg

Subscribe to Stephanomics on Apple Podcasts
Subscribe to Stephanomics on Pocket Casts
Subscribe to 
Stephanomics on Spotify

Mid-April is when the International Monetary Fund and the World Bank hold their spring meetings, where finance ministers and central bankers gather to exchange ideas on keeping global growth intact. This year, the meetings will be virtual, and the discussions less about growth and more about avoiding an economic abyss.

Gita Gopinath, in her second year as the IMF’s chief economist, is projecting the worst global downturn since the Great Depression. She talks with Stephanie Flanders about what the international community needs to do now and what lessons policymakers should take away from the Covid-19 pandemic and its fallout. Flanders also speaks with Bloomberg economy reporter Catherine Bosley about why Germany is patting itself on the back for a history of budgetary stinginess.