IMF projects global GDP to contract by 3% in 2020
Edited By WION Video Desk
Published: May 13, 2020, 03:45 IST | Updated: May 13, 2020, 03:45 IST
IMF projects global growth in 2020 to fall to -3 percent. This is a downgrade of 6.3 percentage points from January 2020, a major revision over a very short period. This makes the Great Lockdown the worst recession since the Great Depression, and far worse than the Global Financial Crisis.
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