IMF Expects The 2020 Global Economy To Expeirence The Worst Fallout Since The Great Depression (Update)

Small Caps: IMF expects worst economic fallout since The Great Depression

International Monetary Fund (IMF) managing director Kristalina Georgieva has delivered a sombre message about the impact of the COVID-19 pandemic, warning that the IMF is expecting the worst economic fallout since The Great Depression.

However, Ms Georgieva in her video address stressed the positive, indicating the resolution with which the fund is confronting the pandemic’s effects.

“These are the times for which the IMF was created — we are here to deploy the strength of the global community, so we can help shield the most vulnerable people and revitalise the economy,” she said.

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Update: World Bank, IMF Push to Consolidate Patchwork Approach to Coronavirus Crisis (WSJ)

WNU Editor: The money that the IMF is offering will not even make a small dent in helping these 25 countries .... IMF to provide debt relief for 25 countries to help them address pandemic (Reuters).