'This crisis knows no boundaries. Everybody hurts,' says International Monetary Fund Managing Director Kristalina Georgieva. coronavirus
She warned that"global growth will turn sharply negative in 2020," with 170 of the IMF's 180 members experiencing a decline in per capita income.
"In fact, we anticipate the worst economic fallout since the Great Depression," Georgieva said in a speech previewing next week's spring meetings of the IMF and World Bank, whichEven in the best case the IMF expects only a"partial recovery" next year, assuming the virus fades later this year, allowing normal business to resume as theBut"it could get worse," and"there is tremendous uncertainty around the outlook" and the duration of the pandemic.
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