Worst economic fallout since Great Depression: IMF

The year 2020 could see the worst global economic fallout since the Great Depression in the 1930s, with over 170 countries likely to experience negative per capita income growth due to the raging coronavirus pandemic, IMF MD, Kristalina Georgieva said on Thursday. The Great Depression was the worst worldwide economic downturn that lasted for 10

IMF chief: ‘Clear we have entered recession’

“It is clear that we have entered a recession” that will be worse than in 2009 following the global financial crisis, IMF chief Kristalina Georgieva said in an online press briefing. With the worldwide economic “sudden stop,” she said the estimate “for the overall financial needs of emerging markets is $2.5 trillion” and “we believe