Breaking the trend 👊💥…I joined the wall of former Chief Economists of the IMF 😀
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Gita Gopinath
@GitaGopinath
First Deputy Managing Director of the IMF. Previously Chief Economist of IMF and Professor at Harvard's economics department. Views are my own.
Gita Gopinath’s Tweets
In Japan for its annual economic check-up, with inflation possibly at an inflection point. Had very good meetings with Finance Minister Shunichi Suzuki, Governor Kuroda & the fantastic team. Concluding statement of mission:
bit.ly/3XEVgBo
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#Davos2023 | We see a tough year ahead but with signs of resilience, says in a chat with .
Adds, growth will improve in second half of 2023 and will rebound by 2024.
#wef23 #CNBCTV18DavosDiary #CNBCTV18DavosDialogues
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#BTAtWEF | Can One Of The Biggest Drivers Of the Chinese Economy, Its Property Market, Bounce Back In 2023
Watch full session here: youtu.be/YKtifwtyUBc | #WEF23 #Davos #Chinaeconomy
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Yesterday we had the honor of hosting , Infosys, , Financial Times, and , IMF, for a riveting discussion on the current state of the economy, hosted by , Bain & Company, at #WEF23.
#InfosysAtWEF #InfosysAtDavos
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For those interested in the presentation slides you can find them here:
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Had a very good conversation with . On the debt ceiling:"There's already enough uncertainty, there's enough risks that we have to deal with.This shouldn't be an additional risk that the US or the world should have to deal with."#wef23.
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. reports "In Davos, Leaders Fret Over Fragmenting Global Economy." Read my comments: wsj.com/articles/in-da
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Was great to join a panel on "Stemming the Cost of Living Crisis with , (), (), () at #wef23. Watch it here: twitter.com/i/broadcasts/1
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My quick takeaways from this year’s #ASSA2023 in New Orleans where the most discussed topics on the ground were inflation projections and how shocks like the war in Ukraine and the pandemic shaped the global economy.
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It is time for "New Foundations for International Macro Policy" & to update our textbooks. You can watch my lecture here: 's kind introduction starts at minute 34 & my lecture at minute 40.
aeaweb.org/webcasts/2023/
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Just gave the AEA Joint luncheon address on “New Foundations for Macro Policy” Great to see old friends, including brilliant women , President of AEA, & .
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The lecture will be live streamed here on Jan 6th: aeaweb.org/conference/liv
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It is too early for the Federal Reserve to declare victory in its fight against soaring prices, said Gita Gopinath, the IMF’s second-in-command
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The dollar is the world's reserve currency. In new work, we show that individual central banks may tend to over-accumulate dollar reserves (relative to the global planner) and exacerbate a global scarcity of dollar-denominated safe assets. scholar.harvard.edu/files/stein/fi
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There should be a video posted after the event.
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Happy 2023! I, along with my co-authors, have been thinking about "New Foundations for International Macro-Policy" for many years. I am honored to present a synthesis at the Luncheon address at the American Economic Association Meetings on Jan 6th. Our textbooks need updating.
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Within a future with an increased frequency of pandemics, how do we improve our future global response?
and detail seven lessons from early in the Covid-19 pandemic that could positively inform future policy.
Read it here:
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Congratulations Argentina !!!
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Fantastic to have take over as the next president of the Federal Reserve Bank of Chicago . In addition to being a terrific economist has the right temperament to tackle ongoing challenges.
chicagofed.org/tenthpresident
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I am overjoyed that Claudine Gay will be the next president of . A gifted academic, a brilliant administrator, and a rare individual. Congratulations Claudine! 🥂🥳
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Global food prices are expected to remain elevated amid war, costly energy, and La Niña. Read more from here: content.govdelivery.com/accounts/USIMF
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Many thanks to for organizing a dynamic round table on India’s drive for digitalization with & Sandeep Singhal.
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Great to meet and and discuss the tech investment and R&D landscape in India.
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Pleasure to meet @GitaGopinath n share India’s economic recovery and growth trajectory.
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Landed in Bengaluru for G20 meetings and to a traditional welcome! Looking forward to productive engagements.
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@GitaGopinath: “Janet Yellen is an inspiration for all economists. It means a lot to me and my colleagues that she will be the first female Treasury secretary with her signature on the dollar note.” @SecYellen reuters.com/markets/curren
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My take on how the global outlook is shaping up for 2023 #WSJCEOCouncil
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Had a great conversation with at #WSJCEOCouncil summit on the outlook (China's outlook has darkened noticeably), on inflation (way too early to declare success), on debt (many countries in debt distress but not yet systemic) & more.
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Surveys show further stabilization in global input price pressures & supply disruptions. However, for the first time since 2020 the index for supply disruptions is weaker in emerging markets compared to advanced economies owing importantly to a steep decline in China.
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Looking forward to hearing Nobel Laureate Michael Kremer’s views about the role of institutions in accelerating innovation to select and scale up effective policies for development. Join us on November 30, 9:30 AM, bit.ly/3tEEuoM
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Had a good conversation with Bloomberg
on China's growth, Covid, property sector risks and more.
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China's growth momentum has slowed. A recalibration of the COVID strategy and further action to end the property sector crisis would support growth. Read more here on policies that can help: imf.org/en/News/Articl
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Was a pleasure to speak on "macro policies for a polycrisis" at the conference in Mexico. The largest Latin American economies are grappling with the highest & most stubborn inflation since the start of inflation targeting in 2000. Lots of good panels.
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I joined , Axel Weber & Davide Serra for an interesting discussion on "The End of Easy Money: Policy Marking for an Inflationary Era" at the Bloomberg #NewEconomyForum in Singapore.
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Congratulations ! A great outcome for . Your intellectual depth and exceptional policy experience will greatly benefit Latin American & the Caribbean. We will miss you dearly at the IMF.
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Congratulations dear @igoldfajn for your election to lead the premier development institution for Latin America & the Caribbean! All of us @IMFNews wish you and @the_IDB success in fostering sustainable, inclusive & resilient growth in the region.
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