Coronavirus: Worst economic crisis since 1930s depression, IMF says
Ms Georgieva said that if the pandemic eased in the second half of 2020, the IMF expected to see a partial recovery next year. But she cautioned that the situation could also worsen.
"I stress there is tremendous uncertainty about the outlook. It could get worse depending on many variable factors, including the duration of the pandemic," she said.Coronavirus: Millions of Americans unemployedthe number of Americans seeking unemployment benefits had surged for the third weekThe US Federal Reserve said it would unleash an additional $2.
The European Commission earlier said it aimed to co-ordinate a possible"roadmap" to move away from the restrictive measures.that the pandemic posed"the most severe crisis" since World War Two. It said the outbreak was expected to wipe out 6.7% of working hours across the world during the second quarter of 2020 - the equivalent of 195 million full-time workers losing their jobs.the Organisation for Economic Co-operation and Development warned that the global economy would take years to recoverSecretary general Angel Gurría said that economies were suffering a bigger shock than after the 9/11 terror attacks of 2001 or the 2008 financial crisis.
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