Global economy staring at a recession this year, says IMF
- Fund’s warning comes amid calls by G-20 finance ministers for greater coordinated action
- IMF is likely to cut growth estimates for most economies in its World Economic Outlook in April.
NEW DELHI : The global economy could be staring at a recession that is as bad as or worse than the global financial crisis of 2008 because of the Covid-19 outbreak, International Monetary Fund (IMF) managing director Kristalina Georgieva said on Tuesday, amid calls by G-20 finance ministers for greater coordinated action.
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