IMF (International Monetary Fund) chief economist Pierre-Olivier Gourinchas sits down with Yahoo Finance Senior Reporter Jennifer Schonberger in Washington, D.C., to discuss the global economic outlook.

"Inflation is almost back to central bank targets in many countries, and we've done this without a global slowdown or a global recession," Gourinchas tells Yahoo Finance. While there could be more growth, he believes what the global economy is experiencing is overall "quite resilient."

He calls for a "triple pivot" once inflation reaches central bank targets. The first pivot would be to cut interest rates as inflation has cooled. The second pivot would be rebuilding fiscal buffers.

"Debt levels are elevated, growth is not as high as it used to be, and interest rates remain high. So for a number of countries, this is not a comfortable situation. They need to bring debt levels down, they need to improve their primary balances, their deficits, broadly speaking," Gourinchas explains.

The third pivot would focus on growth: "How do we move from that 3.2%? We need to do more." He notes that China has experienced a significant slowdown, and addressing that struggling economy would boost the overall global economy. In addition, he explains that productivity has been "relatively tepid," especially in Europe. Gourinchas argues that this problem can be solved by investing in innovation.

Catch Pierre-Olivier Gourinchas also weigh in on the impact tariffs will have on the global economy.

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This post was written by Melanie Riehl