HOME > NATION > Article

Text Size

small

medium

large


Global Economy Estimated to Shrink 4.9 Pct in 2020: IMF

Global Economy Estimated to Shrink 4.9 Pct in 2020: IMF

   Washington, June 24 (Jiji Press)--The International Monetary Fund said Wednesday that the global economy is projected to shrink 4.9 pct in 2020, worse than its previous forecast of a 3.0 pct drop, released in April.
   The IMF estimates that the spread of the novel coronavirus is unlikely to be brought under control in 2020 and that the pace of economic recovery will be slower than the previous projections.
   The global economy is expected to experience its worst recession since the Great Depression in the 1930s, according to the IMF's latest World Economic Outlook report.
   The IMF also revised down its global economic growth forecast for 2021 by 0.4 percentage point to 5.4 pct.
   According to the IMF, the global economy is estimated to have shrunk some 10 pct during the Great Depression.

To read a full story, please click here to find out how to subscribe.

NATION

Aomori Tourism Information

HEADLINES

POLITICS
Toyama Governor Race to Kick Off on Oct. 8 for Voting on Oct. 25
ECONOMY
Tokyo Area Condo Supply in 2020 1st Half Drops 44% to Record Low of 7,497 Units
SPORTS
Gymnastics Women: Teramoto Steadily Recovering from Achilles Tendon Rupture
OTHER
Haneko Takayama, Haruka Tono Each Win Akutagawa Prize, Seishu Hase Naoki Prize

AFP-JIJI PRESS NEWS JOURNAL


Photos