Two weeks ago, the IMF warned that the coronavirus crisis is “far from over” and, to ensure that the recovery continues, it is essential not to prematurely withdraw fiscal and monetary support. Domestic economic developments 22. I now turn to the domestic economic situation and outlook. 23. In these unprecedented and challenging times, the domestic economy has been operating well below productive capacity.
As investment in natural resource development has been constrained in response to global efforts toward addressing climate change, there have been growing uncertainties over geopolitical factors, particularly the situation surrounding Ukraine.