IMF Director Sees Pandemic Fallout Being Worse Than Predicted
(Worthy News) – A senior official with the International Monetary Fund says the world economic outlook may be even worse than the grim forecast announced by the organization last month.
“Our scenario is likely to fall a little short,” said Alejandro Werner, the IMF director for the Western Hemisphere, in an interview with Voice of America.
The IMF in April predicted a 3% contraction of the global economy this year, based on projections which assumed the coronavirus health crisis eases in the second half of the year. For Latin America, it had predicted a contraction of 5.2%. [ Source: VOA News (Read More…) ]
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