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IMF predicts ‘crisis like no other’ after COVID-19

TOPICS: COVID-19, crisis, IMF, lockdown, pandemic

It estimates growth this year at -4.9 per cent, or nearly two percentage points below projections in April, indicating that the recession will be deeper and recovery slower. The latest World Economic Outlook is an update to data published two months ago. Subtitled A Crisis Like No Other, An Uncertain Recovery, it warns that gains […]

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TOPICS: COVID-19, crisis, IMF, lockdown, pandemic

It estimates growth this year at -4.9 per cent, or nearly two percentage points below projections in April, indicating that the recession will be deeper and recovery slower. The latest World Economic Outlook is an update to data published two months ago. Subtitled A Crisis Like No Other, An Uncertain Recovery, it warns that gains […]

[Read more]

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