The International Monetary Fund this week downgraded its economic forecast. It now expects the global economy to shrink by 3% this year before growing 5.8% next year.
The International Monetary Fund this week said the global economy is expected to shrink by 3% this year, before growing by 5.8% next year — a rebound that its Chief Economist Gita Gopinath described as a "partial recovery."
"So even by the end of 2021, we're expecting level of economic activity to be below what we had projected before the virus," she said. International Monetary Fund chief economist Gita Gopinath speaks during a press conference in Washington D.C., on April 9, 2019.Global economic activity, which has been hit by the coronavirus pandemic, may not fully recover even by the end of 2021, said Gita Gopinath, chief economist at the
Canada Latest News, Canada Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Universities begin considering the possibility of canceling in-person classes until 2021A number of universities are beginning to consider the possibility that in-person classes may not resume until 2021.
Read more »
Concerts May Not Return Until Fall 2021 in Wake of CoronavirusFrom Diddy's virtual dance-a-thon to Joe Exotic's streaming success, here's everything buzzing today in pop culture and beyond.
Read more »
L.A. Mayor Eric Garcetti Confirms Big Events May Be Banned Until 2021L.A. Mayor Eric Garcetti confirmed today that the city may not authorize large events, such as concerts, sporting events and possibly movie premieres, until 2021. “It’s difficult to ima…
Read more »
New York and LA Mayors Say Live Events 'Difficult to Imagine' Until 2021Live events may not be resuming in either Los Angeles or New York City until 2021, according to the mayors of both cities.
Read more »
Garcetti: Sporting events, concerts unlikely in Los Angeles until 2021LA Mayor Eric Garcetti said today that large gatherings like sporting events and concerts are unlikely to occur until 2021 due to the coronavirus pandemic
Read more »
Coronavirus live updates: LA mayor says large gatherings likely banned until 2021, US cases top 630,000“I think activity is permanently altered until we get to a vaccine,” Dr. Scott Gottlieb said about the impact of the coronavirus crisis.
Read more »