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IMF: the Corona is the cause of a crisis like no other

This is a bleak economic world, as The International Monetary fund (IMF) takes stock of in a up to date report on Wednesday.

Coronapandemien is the mainly culpable and cloaks over two years of 12,000 billion dollars (79.370 billion) of the global economy.

the IMF estimates so that the world economy in 2020 will shrink by 4.9 percent.

In its review - the World Economic Outlook notes, the IMF's economists that the coronapandemien is the fault of a 'crisis like no other in the past'.

the international monetary Fund estimated that the euro zone in 2020 will experience a decline in the economy of 10.2 percent.

the Decline in Germany is estimated to be at 7.8 percent.

The big player on the world stage, the UNITED states, will experience a decrease of eight percent in the year, and China, in the last three decades have been accustomed to soaring growth, will only get an increase of one percent, estimates the IMF's economists.

The big decline around the world will mean that millions of jobs will be lost.

the IMF notes that the recovery will go somewhat slower than it previously estimated.

- Phew, the forecast is good enough sad reading for Danish export companies. The volume is turned sharply down growth prospects, and it shows how badly coronakrisen has hit the entire global economy, says Allan Sørensen, chief economist at the confederation of Danish Industry (DI).

- It is a crisis of historic dimensions, which also goes beyond Danish exports, he notes.

Tore Stramer, who is chief economist in the Danish business, consider today's report from the IMF for the very sinister and reminiscent of the financial crisis in 2009 - which at the time was considered the largest downturn since the 1930s - only gave a decline in the global economy of 1.9 percent.

- A decrease in the global growth of 4.9 percent is unheard violently and something we have never previously seen in peacetime, " he says.

If the IMF will have the right, so it can trigger a drop in Danish exports in the 10 to 15 percent, and it 'will be able to bring up to 100.000 Danish jobs at risk at home', he points out.

the IMF and the world bank are international organizations, which was founded just after the Second world War. The task was to ensure economic stability and combat poverty.

the IMF, which has its headquarters in Washington, collects economic data from all over the world and releasing two times a year reports on the world's economic condition.

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