World’s economic recovery will be up and down, IMF says
The fund now forecasts world GDP to shrink 4.4% in 2020, compared with a 5.2% drop seen in June
13 October 2020 - 16:50
Washington — The International Monetary Fund (IMF) warned on Tuesday that the world economy still faces an uneven recovery until the coronavirus is tamed even as it offered a less-dire view of 2020’s recession following huge stimulus from central banks and governments.
The fund now forecasts world GDP to shrink 4.4% in 2020, compared with the 5.2% drop seen in June, according to the latest World Economic Outlook released Tuesday. For 2021, the IMF sees growth of 5.2%, down from 5.4%. The report includes revisions to June’s forecasts and other historical data to reflect updated country weightings...
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