Coronavirus has stopped the global economy

US, WASHINGTON (ORDO NEWS) — Nearly a hundred countries apply for IMF financial assistance.

The situation in the world economy against the backdrop of the COVID-19 pandemic is now worse than during the crisis of 2008-2009. This was stated by the managing director of the International Monetary Fund Kristalina Georgieva.

“We have never in the history of the IMF seen the global economy stop. We are in a recession,” the representative of the fund said.

According to her, more than 90 countries have already urgently requested support from the IMF. She noted that so many requests had never been before.

The IMF plans to develop a short-term mechanism to provide liquidity to developing countries, Georgieva said.

Just the other day, on March 31, UN Secretary General Antonio Guterres expressed the opinion that the current crisis, due to the spread of the world of coronavirus, has become the most severe since the Second World War.

But Russian journalist and publicist Anatoly Wasserman recently suggested that the planet is on the verge of the second Great Depression due to oil prices and pandemics. Its outcome may be another war, as large powers and capital owners need to redistribute finances and markets.

According to the latest data, the number of infected COVID-19 in the world exceeded one million people – 1,066,706 patients are now infected. 56 767 patients died, 223 697 patients recovered. The three most affected countries look like this – the USA, Italy and Spain.

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The article is written and prepared by our foreign editors from different countries around the world – material edited and published by Ordo News staff in our US newsroom press.