IMF says global economy may not recover fully even by 2021
Saturday, 04 18 2020, Category: Economy, Country: World
Global economic activity that has suffered from the coronavirus pandemic may not fully recover even by the end of 2021, said INF Chief Economist Gita Gopinath.
Earlier, the IMF lowered its economic outlook. The world economy is expected to contract by 3% this year, and next year it will grow by 5.8% - a rebound that Gopinath called "partial recovery,” CNBC reported.
“We have a recovery projected for 2021 of 5.8% growth, but that is a partial recovery,” she told CNBC’s “Squawk Box Asia” on Friday.
“So even by the end of 2021, we’re expecting level of economic activity to be below what we had projected before the virus,” she added.