[19] Gita Gopinath, the John Zwaanstra Professor of International Studies and Economics at Harvard University's economics department will be the first woman to hold this position. He said that "it is early days, but my reading of the evidence is so far, so V.". © 2020 Insider Inc. and finanzen.net GmbH (Imprint). [16] Her father, T.V. The UK economy could see something like the beginnings of a V-shaped recovery but will quickly flatten out, Gopinath told members of parliament on the Treasury Select Committee on Wednesday. She is on leave of public service from the economics department of Harvard University where she is the John Zwaanstra Professor of International Studies and Economics. Your predecessor, Christine Lagarde, supported fiscal austerity programs in the U.K. after 2010, even over some of the concerns of people in the IMF such as then-Chief Economist In that role she is the Director of IMF's Research Department and the Economic Counsellor of the Fund. Stock quotes by finanzen.net.

[19] Gita Gopinath, the John Zwaanstra Professor of International Studies and Economics at Harvard University's economics department will be the first woman to hold this position. [20], In October 2018, Gita Gopinath was appointed chief economist of the International Monetary Fund. International Monetary Fund Indian American chief economist Gita Gopinath speaks during a press conference in Washington, D.C., on Oct. 15, 2019. Foreign Policy named her one of the Top Global Thinkers in 2019. Gita Gopinath has been named as Chief Economist of the International Monetary Fund (IMF), becoming the second Indian to be appointed to the position. "Compared to our April World Economic Outlook forecast, we are now projecting a deeper recession in 2020 and a slower recovery in 2021," IMF chief economist Gita Gopinath said in a virtual news conference June 24, noting that these projections imply a cumulative loss to the global economy over two years of over $12 trillion from the crisis. degrees from both the Delhi School of Economics and University of Washington. Incredible: that's the word the IMF's chief economist uses to describe the impact of COVID-19 on the global economy. degrees from both the Delhi School of Economics and University of Washington. In 2019 she has been awarded Pravasi Bharatiya Samman, the highest honor for a person of Indian origin, by the President of India. She was named among Bloomberg 50people who defined 2019, Foreign Policy named her one of the Top Global Thinkers in 2019 and Time Magazine named her among the Women who Broke Major Barriers to Become 'Firsts' in 2019. Economic Counsellor and Director of Research Department, IMF Gita Gopinath is the Economic Counsellor and Director of the Research Department at the International Monetary Fund (IMF). Gopalan. Today, in an opinion piece in the Financial Times, the IMF’s chief economist Gita Gopinath argued that digital currencies won’t displace the dollar as the currency that dominates global trade and finance. The latest report also showed that global growth is projected at 5.4 percent in 2021, which would leave the 2021 GDP some 6.5 percentage points lower than in the pre-COVID-19 projections made in January 2020. Gita Gopinath, the chief economist, said 100 of the IMF’s 189 members, of which half are low-income countries, have contacted the global crisis … [8][9] In an interview with Trevor Noah on The Daily Show, she named the worldwide recession of 2020 as "The Great Lockdown. Gopinath's comments poured cold water on the Bank of England's projections for the economy. The Research Department publishes working papers on highly relevant policy and research issues in international economics; produces a number of reports including the widely tracked annual World Economic Outlook; organizes conferences including the Annual Research Conference that brings together top economists and policymakers; and publishes the peer reviewed journal IMF Economic Review. Jonathan Haskel, a member of the bank's Monetary Policy Committee, reflected a similar sentiment on Wednesday saying that the economy shows a "glimmer of hope," and activity has rebounded faster than anticipated. 01/27 June 7, 2001", "IMF Managing Director Köhler Proposes Raghuram Rajan as Economic Counsellor and Director of the IMF's Research Department Press Release No. Global output is projected to decline by 4.9 percent in 2020, 1.9 percentage points below the IMF's April forecast, followed by a growth at 5.4 percent in 2021, indicating a grimmer economic outlook as the pandemic continues to ripple across the globe, Xinhua news agency reported. The projections for poverty levels in those countries are "really sad.". Gopinath's husband, Iqbal Singh Dhaliwal, is the Global Executive Director at Abdul Latif Jameel Poverty Action Lab at the Department of Economics, Massachusetts Institute of Technology.

Gopinath, is related to the late A. K.

Made In NYC | "[2][3] The Chief Economist is part of the senior leadership team, directly advises the Managing Director, and leads about a hundred Ph.D. economists in the Research Department. Gopinath said that COVID-19 has an even more significant impact in low-income countries. They have a son named Rohil. Registration on or use of this site constitutes acceptance of our Terms of Service and Privacy Policy. "The downgrade from April reflects worse than anticipated outcomes in the first half of this year, an expectation of more persistent social distancing into the second half of this year, and damage to supply potential," Gopinath said. [24], Chief Economist of the International Monetary Fund, "Gita Gopinath: From a middle-class Indian girl to IMF's chief economist", https://www.magzter.com/article/News/THE-WEEK/Top-Of-The-Heap, "Gita Gopinath - Biographical Information", "Christine Lagarde Appoints Gita Gopinath as IMF Chief Economist", "IMF appoints India-born Gita Gopinath as Chief Economist", "Harvard Economist Gita Gopinath Appointed Chief Economist At International Monetary Fund", "Gita Gopinath joins IMF as its first female Chief Economist", "The Economist: IMF appoints a new chief economist, October 4, 2018", "The Daily Show with Trevor Noah featuring IMF Chief Economist Gita Gopinath, YouTube, April 7, 2020", "CMIE: Gita Gopinath terms current crisis as Great Lockdown, April 10, 2020", "The IMF chief economist terms the current economic stasis as 'The Great Lockdown', Live Mint, April 9, 2020", "The Great Lockdown: Worst Economic Downturn Since the Great Depression, IMF Blog, April 14, 2020", "10 things to know about Gita Gopinath, the new IMF chief economist", "Mysuru elated as Gita Gopinath is IMF's chief economist", "Good Enough for IMF Top Post, Gita Gopinath's Appointment as Kerala Adviser Had Left Many Unimpressed", "Gita hardworking and focused: Proud father", Handbook of International Economics 1st Edition, Kindle Edition, "Harvard economist Gita Gopinath appointed chief economist at IMF", https://en.wikipedia.org/w/index.php?title=Gita_Gopinath&oldid=977737755, All Wikipedia articles written in Indian English, Pages using infobox economist as a module, Pages using infobox officeholder with unknown parameters, Wikipedia articles with BIBSYS identifiers, Wikipedia articles with SUDOC identifiers, Wikipedia articles with WorldCat identifiers, Creative Commons Attribution-ShareAlike License, This page was last edited on 10 September 2020, at 17:34. Born and brought up in India, Gopinath is a US citizen and an overseas citizen of India. She was named among Bloomberg 50people who defined 2019, Foreign Policy named her one of the Top Global Thinkers in 2019 and Time Magazine named her among the Women who Broke Major Barriers to Become 'Firsts' in 2019.

22, Trump Paid $145K in Taxes to India, Made $2.3M from Projects: Report, Twitter Hires Ex-IBM Indian American Executive Rinki Sethi as Chief Information Security Officer, Neha Kakkar and Guru Randhawa Spotted Shooting at Omaxe World Street: Watch Video, Bollywood Actors Deepika Padukone, Sara Ali Khan, Shraddha Kapoor Questioned by NCB in Drug Case Related to Sushant Rajput’s Death, Four Innovative Indian American Youths Named Winners of ‘Barron Prize for Young Heroes’, Legendary Playback Singer S.P. In a column earlier this month, IMF leader Kristalina Georgieva and chief economist Gita Gopinath said governments should continue to support workers and businesses since the unprecedented nature of the crisis could give rise to a wave of bankruptcies and job destruction. The OECD predicts a 9.1% decline for the EU and 11.5% decline for the UK this year. The position has been held by the following: After the announcement of Maurice Obstfeld's retirement in December 2018,[18] Harvard professor Gita Gopinath, a leading scholars in exchange rates, sovereign debt and capital flows was appointed as chief economist of the International Monetary Fund (IMF). 07/34 February 28, 2007", "IMF Managing Director Dominique Strauss-Kahn Announces Department Director Appointments Press Release No.

Disclaimer | "[10][11][12][13], Gita Gopinath was born on 8 December 1971 in Kolkata, India. from the University of Delhi and M.A.

On the downside, further waves of infections could reverse increased mobility and spending, and rapidly tighten financial conditions, triggering debt distress, Gopinath said, adding that geopolitical and trade tensions could damage fragile global relationships at a time when trade is projected to collapse by around 12 percent.

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