IMF expects a smaller economic downturn this year than before

By: Trademagazin editor Date: 2020. 10. 14. 11:10

The International Monetary Fund (IMF) is signaling a less deep global economic downturn this year than its previous forecast, but expects a lengthy and cumbersome improvement, so it has also slowed future growth in its latest global economic growth forecast published on Tuesday.

The IMF marks a 4.4 percent decline in global gross domestic product (GDP) by 2020 in the World Economic Outlook (WEO) world economic forecast, followed by a 5.2 percent increase next year. (MTI)