The IMF has sharply lowered its forecast for the global economy

the international monetary Fund (IMF) has adjusted towards a sharp deterioration in its forecast for the global economy for the current year and now expects a decline of 4.9% instead of 3%, is expected in April.

As pointed out by the IMF, the pandemic coronavirus infection COVID-19 had a negative impact on global economic activity in the first half of 2020 than projected, and the recovery more gradual than previously expected, reports “Finmarket” with reference to the June review of the Fund.

At the same time, the IMF experts warn that the recovery of the global economy in 2021 is likely to go at a slower pace than initially estimated in April — a growth of 5.4% instead of 5.8%.

Recall that on 14 April, the international monetary Fund presented a report, which predicted a fall in global GDP in 2020 by 3% or more due to pandemic COVID-19. Also in January, before the appearance of the signs of a pandemic, the IMF slightly downgraded its assessment on the global economy, but expected growth of GDP to 3.3% by the end of this year.

Earlier, on 27 March, the managing Director of the IMF Kristalina Georgieva stated that the world economy went into recession. “Now it is clear that we entered the recession, such as bad or even worse than in 2009”, — said the head of the IMF. However, she is expecting a recovery of the global economy in 2021, but if “will be able to cope with the virus around the world and prevent problems with liquidity”.

we Add that the outbreak of pneumonia caused by a coronavirus infection (COVID-2019), was formally recorded in December 2019 in the Chinese city of Wuhan. March 11, 2020, the world health organization (who) officially recognized the situation with coronavirus pandemic. To date, cases of infection were recorded in almost 200 countries and regions of the world. In General, the number of infected COVID-2019 in the world exceeded 9.2 million people died more than 476 thousand. The pandemic has had devastating effects on the world economy. Under the powerful kick hit many industries, including transport, tourism, hospitality, automotive, construction, retail, and entertainment.

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