- IMF: Global economy to contract 3.0% in 2020
Market news
14 April 2020
IMF: Global economy to contract 3.0% in 2020
- In January, it projected 3.3% growth this year
- 2021 growth is forecast at 5.8% vs. 3.4% seen in January
- Warns that forecasts have "extreme uncertainty"
- Says a longer outbreak lasting through Q3 could cut another 3 pp of GDP
- Estimates that second outbreak in 2021 could cut 5% from GDP
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