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No overall recovery in 2021, warns the boss of the IMF

The recovery of the world economy after the shock caused by the epidemic of Covid-19 will be much longer than expected, worries about Kristalina Georgieva, the director general of the international monetary Fund (IMF). The Fund is preparing to cut by 2020 its forecast of a contraction of 3 per cent of global GDP. By 2021, it is also pessimistic: the recovery will be partial, it should not reach the +5.8 per cent planned to date, said the patron of the Fund, which will publish its new forecasts in June.

see also : The global economy under the impact of the sars coronavirus

In April, the organization that oversees the stability of the global economy provided that the company closures and the containment measures taken to slow the spread of the virus plongeraient the world into recession is the worst since the Great Depression of the 1930s. Since then, the "bad news", are accumulated. On Monday, the director of the IMF has insisted again on the data, worse than expected, collected all over the world. "Obviously, we will need much more time to fully recover from this crisis," provides for the Bulgarian.

about the tensions are, again, exacerbated in recent weeks between the United States and China, the boss of the IMF urged the two largest economies to continue the dialogue and maintain the exchanges. "We must not divert us from what has worked for people all over the world: the division of labor, collaboration, and commerce, which can lower the cost of goods and services, raise incomes and reduce poverty within countries and between countries", she insisted...

The editorial team conseilleCoronavirus: the big meeting of the IMF, in mode virtuelAu IMF, behind the unit front, multilateralism ébranléSujetsKristalina GeorgievaFMIÉconomie MondialeÉpidémie Of Covid-19RécessionAucun comment

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