IMF forecasts worst global economic slump since the Great Depression
Washington – The
“The world is facing an unprecedented crisis in the coming year, a period which would be unusually difficult,’’ IMF Managing Director Kristalina Georgieva, told a news conference in Washington.
Georgieva said that even if the pandemic loosened its grip in the second half of the year and parts of the economy were allowed to re-start, only a partial recovery could be expected.
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The IMF chief emphasised how difficult it was to make prognoses of this kind.
The situation could end up being even worse, depending on how long the pandemic lasts. (dpa/NAN)
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