IMF slashes forecast for coronavirus-ravaged world economy
Global recovery will be much slower than expected
24 June 2020 - 16:56
Washington — The International Monetary Fund (IMF) downgraded its outlook for the coronavirus-ravaged world economy, projecting a significantly deeper recession and slower recovery than it expected just two months ago.
The IMF said on Wednesday it now expected global GDP to shrink 4.9% in 2020, more than the 3% predicted in April. For 2021, the fund forecast growth of 5.4%, down from 5.8%...
Would you like to comment on this article?
Sign up (it's quick and free) or sign in now.
Please read our Comment Policy before commenting.
Subscribe now to unlock this article.
Support BusinessLIVE’s award-winning journalism for R129 per month (digital access only).
There’s never been a more important time to support independent journalism in SA. Our subscription packages now offer an ad-free experience for readers.
Cancel anytime.
Questions? Email helpdesk@businesslive.co.za or call 0860 52 52 00. Got a subscription voucher? Redeem it now.