Kristalina Georgieva. File
The International Monetary Fund (IMF), will raise its forecast for global economic growth in 2021 and 2022 after last year’s 3.5% contraction, but financial conditions remain highly uncertain, IMF Managing Director Kristalina Georgieva said on Tuesday.
The global economy is showing signs of bouncing back from the severe downturn caused by the global coronavirus pandemic, but a full recovery is “unlikely” without a vaccine, IMF chief Kristalina Georgieva said on Wednesday.
Governments in emerging markets, which have suffered an exodus of capital of more than $83 billion in recent weeks, can cover much of that, but "clearly the domestic resources are insufficient" and many already have high debt loads.
The pandemic sweeping the world will turn global economic growth “sharply negative” in 2020, triggering the worst fallout since the 1930s Great Depression, with only a partial recovery seen in 2021, the head of the International Monetary Fund said.
It has been the most serious mishap in more than 20 years. Prime Minister Narendra Modi had visited the site of the crash, met the rail officials, and talked to people who were getting treatment in hospitals.
The unfortunate collision of two Indian passenger trains in Odisha state in which nearly 300 people died and hundreds are injured is so painful (“Indian train collision death toll nears 300,
Last month, my bosses suggested I quit Twitter for a week. Completely. I would not be able to log on, let alone tweet or retweet others or check for direct messages.