“We call it the Great lockdown”. The head of the IMF said that the crisis because of the coronavirus will affect 170 countries

The international monetary Fund predicts that the pandemic coronavirus economic crisis will affect 170 countries. This was stated by the managing Director of the IMF Kristalina Georgieva, during an online conference on 9 June. The transcript of her speech published on the Fund’s website.

“By the end of 2020, 170 countries – almost 90% of the world would be in a worse [economic] situation with lower income per capita. In January, we predicted that 160 countries will close the year with growth of economy and positive growth of income per capita. We have never encountered such a truly global crisis as the present. We call the current period the “Great lockdown”, because we are fighting with the emergency situation in the field of healthcare, reducing production and consumption. Again, this has never happened before”, she said.

According to Georgieva, the world’s governments to support national economies had taken fiscal measures totaling $9 trillion.

Flash coronavirus infection COVID-19 began in late 2019 in China. March 11, 2020, the world health organization declared the spread of the coronavirus pandemic. By June 10, according to the American Johns Hopkins University, throughout the world, the coronavirus has infected more than 7.24 million people, of whom 411,2 thousand died of 3.37 million recovered.

In connection with the quarantine imposed to combat the spread of the virus in many countries were closed enterprises, which caused massive economic crisis. According to IMF estimates, is the most serious crisis since the great depression.

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