IMF terms COVID-19 pandemic as much bigger & dangerous than the Great Depression. Lockdown to have a significant impact on World Economy
The world has changed dramatically in the three months since our last update of the World Economic Outlook in January. A rare disaster, a coronavirus... Read More
IMF
World economy at its worst due to COVID-19. We have reassessed the prospect for growth for 2020 and 2021. It is now clear that we have entered a recession – as bad as or worse than in 2009 – IMF Chief
COVID-19 on the global economy is the risk of a wave of bankruptcies and layoffs capable of eroding the fabric of the societies. The world’s... Read More
