International Monetary Fund (IMF) said that the world had entered a recession due to the coronavirus pandemic.But the IMF projects a recovery next year.
IMF Managing Director Kristalina Georgieva said that they have reassessed the prospects for growth for 2020 and 2021. It was clear that the world had entered a recession as bad or worse than in 2009. Also, they projected recovery in 2021.
Recovery from COVID-19 in 2021
IMF managing director emerged from the meeting of the governing body of IMF and Financial Committee that represent 189 members. … Read the rest