The International Monetary Fund (IMF) said that the world is in the face of a devastating impact due to the coronavirus pandemic and has clearly entered a recession, but projected a recovery next year.
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According to IMF, this It is clear that we have entered a recession that will be worse than the one in 2009, following the global financial crisis.
Stressing that while containment is the main reason for the economy to stand still and get into a recession, IMF said containment is very necessary to come out of this period and step in to recovery.
There is risk of a wave of bankruptcies and layoffs that can undermine the recovery.
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