The IMF warns of painful global economic scenarios
The International Monetary Fund warned that the world is moving towards painful economic scenarios due to the spread of the Corona virus.
In this regard, the Fund Manager, Kristalina Georgieva, confirmed that "the Fund has moved towards more strict scenarios with the intensification of the Corona virus crisis, as we have moved towards more painful growth scenarios", explaining that "as long as we do not know the duration of the end of this pervasive disease, we will be In a higher place than the uncertainty, "considering that the" shock of the Corona virus is unusual. "
On the fund's expectations for global growth in 2020, Georgiyeva said, during a joint press conference with the President of the World Bank, that "the fund is still working on its new expectations, and will be issued in the coming weeks, knowing that the initial expectations indicate that growth has fallen to its lowest levels compared to the year The past, "stressing that" the effects of the virus will be more important to the Chinese economy than previously thought, as China's past growth forecasts are no longer valid. "
Source (Al-Sharq Al-Awsat newspaper, Edited)
