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The International Monetary Fund ruled out the recovery of the global economy from the shock of Corona in 2021

2020-05-18T21:53:04.543Z


Washington-SANA, the International Monetary Fund's chief executive, Kristalina Georgieva, considered the economy to fully recover


Washington-Sana

The Executive Director of the International Monetary Fund, Kristalina Georgieva, considered that the complete recovery of the world economy from the shock caused by the outbreak of the new Corona virus "is unlikely in 2021" without specifying a specific date for a complete recovery.

Reuters quoted Georgieva as saying that the IMF is likely to lower its forecast of a 3 percent GDP contraction in 2020 and only a partial recovery is expected next year instead of the 5.8 percent recovery initially expected, noting that data from The world is worse than expected.

In April, the International Monetary Fund expected that corporate closures and public isolation measures aimed at slowing the spread of the Coruna virus would plunge the world into the deepest recession since the Great Depression of the 1930s.

Source: sena

All business articles on 2020-05-18

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