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link : IMF Says Covid-19 Coronavirus Pandemic Will Unleash The Worst Recession Since Great Depression
IMF Says Covid-19 Coronavirus Pandemic Will Unleash The Worst Recession Since Great Depression
Reuters: IMF chief says pandemic will unleash worst recession since Great Depression
WASHINGTON (Reuters) - The pandemic sweeping the world will turn global economic growth “sharply negative” in 2020, triggering the worst fallout since the 1930s Great Depression, with only a partial recovery seen in 2021, the head of the International Monetary Fund said.
IMF Managing Director Kristalina Georgieva painted a far bleaker picture of the social and economic impact of the new coronavirus than even a few weeks ago, noting governments had already undertaken fiscal stimulus measures of $8 trillion, but more would likely be needed.
She said the crisis would hit emerging markets and developing countries hardest of all, which would then need hundreds of billions of dollars in foreign aid.
“Just three months ago, we expected positive per capita income growth in over 160 of our member countries in 2020,” she said on Thursday in remarks prepared for delivery ahead of next week’s IMF and World Bank Spring Meetings.
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Coronavirus: Worst economic crisis since 1930s depression, IMF says -- BBC
IMF head sees worst economic downturn since Great Depression -- AP
IMF chief flags up grim global economic forecast -- The Guardian
Half a billion people could be pushed into poverty by coronavirus economic fallout, study finds -- ABC News Online
Coronavirus crisis could plunge half a billion people into poverty: Oxfam -- Reuters
Blindsided: how coronavirus felled the global economy in 100 days -- The Guardian
More News On The IMF Saying That The Covid-19 Coronavirus Pandemic Will Unleash The Worst Recession Since Great Depression
Coronavirus: Worst economic crisis since 1930s depression, IMF says -- BBC
IMF head sees worst economic downturn since Great Depression -- AP
IMF chief flags up grim global economic forecast -- The Guardian
Half a billion people could be pushed into poverty by coronavirus economic fallout, study finds -- ABC News Online
Coronavirus crisis could plunge half a billion people into poverty: Oxfam -- Reuters
Blindsided: how coronavirus felled the global economy in 100 days -- The Guardian
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