The International Monetary Fund updated its predictions for the COVID-19 recession June 24, saying its April prediction was not severe enough, reports Industry Week.
GDP expected to shrinkThe IMF now anticipates the global economy to contract by 4.9% in 2020, or 1.9 points more than it expected in April. The GDP of advanced economies, including the United States, are expected to shrink by a crushing 8.0%.
Depending on how the pandemic evolves, the updated forecast anticipates persistent social...
https://mfame.guru/imf-forecasts-a-worse-recession-amid-covid-crisis/