This was announced on Monday by the managing director of the International Monetary Fund (IMF) Kristalina Georgieva.
“The forecast for global growth for 2020 is negative – a recession, at least such as during the global financial crisis or worse. However, we expect recovery in 2021,” said a statement by Georgieva, distributed following a teleconference of finance ministers and central bank heads of the Group twenty (G20).
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