IMF Sees World Economy in Worst Recession – (Bloomberg) — on Forex Signals , The International Monetary Fund sees the world economy suffering its worst recession since the Great Depression this year.
The IMF’s baseline outlook is for a partial recovery in the global economy in 2021 if the pandemic fades in the second half of this year to allow a gradual lifting of containment measures – IMF Sees World Economy in Worst Recession.
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To help more the more than 90 countries that are seeking aid, the IMF’s executive board has agreed to double access to its emergency financing to meet expected demand of about $100 billion.
Georgieva stressed the need to continue with essential containment measures and support for health systems; shield affected people and firms with large, timely, targeted fiscal and financial-sector measures; reduce stress to the financial system and avoid contagion; and plan for an eventual recovery – IMF Sees World Economy in Worst Recession.
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