Global Economic Growth To Shrink 4.4% For 2020, IMF Predicts
AP: IMF envisions a sharp 4.4% drop in global growth for 2020
“The International Monetary Fund foresees a steep fall in international growth this year as the global economy struggles to recover from the pandemic-induced recession, its worst collapse in nearly a century. The IMF estimated Tuesday that the global economy will shrink 4.4% for 2020. That would be the worst annual plunge since the Great Depression of the 1930s…” (Crutsinger, 10/13).
U.N. News: IMF: ‘Less severe’ but ‘still deep’ recession predicted
“In the shadow of the COVID-19 pandemic and its continuing impact, the global economy could see a ‘somewhat less severe, though still deep’ recession through 2020, the International Monetary Fund (IMF) has projected in its latest global economic outlook. The revision is driven by better-than-anticipated second quarter gross domestic product (GDP) in large advanced economies, the IMF reported on Monday, noting also stronger than expected growth in China and signs of a more rapid recovery in the third quarter…” (10/13).