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I.M.F. Predicts Deeper Global Downturn Even as Economies Reopen

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Wed, 24 Jun 20 5:23 PM | 18 view(s)
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I.M.F. Predicts Deeper Global Downturn Even as Economies Reopen

World finance group expects a 4.9 percent contraction this year instead of its previously forecast 3 percent drop, underscoring the scale of the task facing policymakers.

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The pandemic has not spared advanced or developing economies. The I.M.F. now projects that the U.S. economy will shrink 8 percent this year before expanding 4.5 percent next year. Economies in the eurozone are projected to shrink 10.2 percent this year and expand 6 percent next year. The economy of China, where the virus originated and which imposed draconian containment measures, is expected to expand 1 percent this year and 8.2 percent in 2021.

more:
http://www.nytimes.com/2020/06/24/business/imf-world-economic-outlook.html




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