CLEAN : Economy will strengthen in 2014, deflation

The video discusses the global economy's outlook for 2014, highlighting the momentum gained in 2013 and the potential risks of deflation. It emphasizes the importance of overcoming cultural challenges and improving economic developments. The speaker also addresses the significance of an orderly budgetary process and the hope for IMF reform. The video concludes with personal remarks from the IMF director.

What is one of the main challenges in economic development mentioned in the video?

• Technological advancements

• Natural disasters

• Cultural differences

• Political instability

What economic trend was observed in the latter half of 2013?

• Decline in global trade

• Strengthening momentum

• Increase in unemployment

• Rise in inflation

Why is deflation considered a significant risk?

• It leads to higher interest rates

• It can hinder economic recovery

• It increases government spending

• It causes rapid economic growth

What is the speaker's hope regarding IMF reforms?

• That they will be rejected by member countries

• That they will be delayed indefinitely

• That they will be excluded from future plans

• That they will be included in future steps

Where is the speaker content with their current role?

• Washington, D.C.

• New York

• Paris

• London