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IMF says 2020 recession to be less severe, global GDP -4.4%

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The global economic crisis will not be quite as grim as feared this year, but GDP will still contract 4.4 percent, the IMF says in its latest World Economic Outlook. "This upgrade owes to somewhat less dire outcomes in the second quarter, as well as signs of a stronger recovery in the third quarter, offset partially by downgrades in some emerging and developing economies," IMF chief economist Gita Gopinath says. SOUNDBITE

Added on the 13/10/2020 15:07:46 - Copyright : AFPTV - First images

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