The global economy will contract by 3% this year as countries around the world shrink at the fastest pace in decades

Is the world prepared for the worst recession

The chief economist of the International Monetary Fund (IMF) Geeta Gopinath is addressing the media live. Watch video.

IMF's grim forecast for global economy: Chief economist Geeta Gopinath addresses media

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Is the world prepared for the worst recession

IMF's grim forecast for global economy: Chief economist Geeta Gopinath addresses media