- IMF downgraded its outlook for the coronavirus-ravaged world economy.
- It expects global gross domestic product to shrink 4.9% this year, more than the 3% predicted in April.
- For 2021, the fund sees a growth of 5.4%, down from 5.8%.
- Increased pessimism reflected scarring from a larger-than-anticipated supply shock during the lockdown.
- Cumulative loss for the world economy as a result of the recession is expected to reach $12.5 trillion.
According to an article published in Bloomberg and...
https://mfame.guru/imf-projects-global-recession-amid-growing-covid-19-threat/