Coronavirus: the dark projections of the IMF on the world economy by the effects of coronavirus

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Georgieva

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Reuters

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The year 2021 will be the partial recovery of the economy.

The times of coronavirus bring again predictions dark: the International Monetary Fund (IMF) predicted Wednesday that the negative impact of the crisis generated by the covid-19 on the global economy will be the worst that the world has lived in nearly a century.

“We anticipate the worst economic fallout since the Great Depression”, projected the director of the financial institution, Kristalina Georgieva.

According to the estimate of the IMF, the global economic growth this year will be “strongly negative” and by 2021 will be seen only a “partial recovery”.

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“Only three months, we expected a positive growth of per capita income in more than 160 of our member countries in 2020. Today, that number has changed: we now project that more than 170 countries will experience negative growth this year,” he predicted Georgieva.

As projected, the emerging markets and developing countries would be most affected and will require hundreds of billions of dollars in foreign aid.

Earlier this week, a UN study said that 81% of the global workforce (estimated at 3,300 million people) was with his work partially or fully closed as a result of the pandemic.

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