The International Monetary Fund (IMF) now expects the global economy to contract by more than the previously projected 3 percent, IMF Managing Director Kristalina Georgieva said on Thursday
WASHINGTON (Pakistan Point News / Sputnik - 28th May, 2020) The International Monetary Fund (IMF) now expects the global economy to contract by more than the previously projected 3 percent, IMF Managing Director Kristalina Georgieva said on Thursday.
"In April, we projected a shrinkage of 3 percent for the world economy. Now, we are receiving incoming data that indicate the contraction may be even more," Georgieva said.
