IMF slashes global growth outlook for 2020, sees sluggish turnaround in 2021

A deep downturn in 2020 and sluggish turnaround in 2021. In it's latest World Economic Outlook report, the International Monetary Fund (IMF) has slashing its estimates again, as the disruption wreaked by the COVID-19 pandemic is worse than expected. The IMF sees global growth contracting by 4.9%, compared to its April forecast of a 3% shrinkage. Global trade will shrink by almost 12% in 2020. It added that for the first time, all regions will see negative growth in 2020. Subscribe to our channel here: cna.asia/youtubesub Subscribe to our news service on Telegram: cna.asia/telegram Follow us: CNA: cna.asia CNA Lifestyle: www.cnalifestyle.com Facebook: www.facebook.com/channelnewsasia Instagram: www.instagram.com/channelnewsasia Twitter: www.twitter.com/channelnewsasia

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