NEWS

IMF Warns

The head of the International Monetary Fund (IMF) has warned that the coronavirus pandemic will turn global economic growth “sharply negative” this year.

Kristalina Georgieva said the world faced the worst economic crisis since the Great Depression of the 1930s.

She forecast that 2021 would only see a partial recovery.

Lockdowns imposed by governments have forced many companies to close and lay off staff.

Earlier this week, a UN study said 81% of the world’s workforce of 3.3 billion people had had their place of work fully or partly closed because of the outbreak.

Yvad Billings, Readers Bureau, Fellow

Edited by Jesus Chan

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