The international monetary Fund said that the pandemic coronavirus infection COVID-19 causes more severe damage to economic activity than originally anticipated. About it reports a press-service of the IMF on the Twitter page.
According to the updated forecast, the IMF expects a reduction in world output of 4.9% in the April forecast, the figure was 3%. The growth of the economy in 2021-m will also slow down to 5.4 percent (in the previous month predicted is 5.8%).
In the Eurozone, the IMF expects the decline for the current year by 2.7% to 10.2%, Russia by the International monetary Fund, expects the decline in GDP in 2020 to 6.6% and not 5.5% (as previously forecast).
Compared to our April #WEO, we are now projecting a deeper recession in 2020 and a slower recovery in 2021, but a high degree of uncertainty surrounds this forecast. See the latest projections in #IMFBlog https://t.co/fqM8iURHFv pic.twitter.com/GjAT2FViHP
— IMF (@IMFNews) June 24, 2020