March 29, 2020

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.


  • 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. 

Source : The Hindu