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Intensify global interaction to battle virus

14 Apr 2020

The International Monetary Fund’s (IMF)’s prediction that the global economy is expected to shrink by 3.0% during 2020 highlights the extent to which the deadly coronavirus COVID-19 is strangling the...

Global economy will suffer its worst year since Great Depression

14 Apr 2020

Beaten down by the coronavirus outbreak, the world economy in 2020 will suffer its worst year since the Great Depression of the 1930s, the International Monetary Fund said in its...

Pandemic will unleash worst recession since Great Depression

09 Apr 2020

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...

Special prayers

29 Mar 2020

The whole world is going through a horrible situation: number one, the fear of death because of coronavirus, plus unbearable losses to the world economy because of lockdown in many...

Clear we have entered recession, says IMF chief

28 Mar 2020

The coronavirus pandemic has driven the global economy into a downturn that will require massive funding to help developing nations, IMF chief Kristalina Georgieva said Friday. READ MORE US...

World Bank, IMF urge debt relief for poorest countries

25 Mar 2020

The World Bank and the International Monetary Fund on Wednesday urged official bilateral creditors to provide immediate debt relief to the world’s poorest countries as they grapple with severe...

IMF sees pandemic causing global recession in 2020, recovery in 2021

24 Mar 2020

The coronavirus pandemic will cause a global recession in 2020 that could be worse than the one triggered by the global financial crisis of 2008-2009, but world economic output should...

G20 leaders to speak on Thursday about coronavirus

24 Mar 2020

Leaders from the Group of 20 major economies will convene a video conference on Thursday to discuss the coronavirus epidemic, multiple sources told the media, amid criticism that the...

Chinese economy normalising but risks remain: IMF

20 Mar 2020

China’s economy is beginning to show some signs of normalisation after the full-blown shock caused by coronavirus but stark risks remain, International Monetary Fund officials said in a blog on...

Global growth to dip below last year’s rate, says IMF chief

04 Mar 2020

The new coronavirus epidemic poses a “serious threat” and will slow growth in the world economy to below the 2.9 per cent posted last year, IMF chief Kristalina Georgieva said...

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