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Added on the 14/04/2020 14:00:00 - Copyright : EFE Inglés
"We anticipate the worst economic fallout since the Great Depression," IMF chief Kristalina Georgieva says in a speech previewing next week's spring meetings of the IMF and World Bank, as she warns that "global growth will turn sharply negative in 2020," due to the global coronavirus pandemic. SOUNDBITE
The global economic crisis will not be quite as grim as feared this year, but GDP will still contract 4.4 percent, the IMF says in its latest World Economic Outlook. "This upgrade owes to somewhat less dire outcomes in the second quarter, as well as signs of a stronger recovery in the third quarter, offset partially by downgrades in some emerging and developing economies," IMF chief economist Gita Gopinath says. SOUNDBITE
Global growth is expected to slow further next year, the IMF says, downgrading its forecasts as countries grapple with the fallout from Russia's invasion of Ukraine, spiraling cost-of-living and economic downturns. SOUNDBITE
Optimism that new vaccines will bring the pandemic under control and allow economic activity to resume coupled with stimulus in major economies has boosted the growth forecast this year to 5.5 percent, the IMF says in its latest World Economic Outlook. SOUNDBITE
In April 2020, a coronavirus stimulus check of $2,000 was sent to most American adults. Eight months later, Congress agreed on a $900 billion coronavirus relief bill. The new bill would send out another stimulus check, this time worth $600. On Tuesday, Pres. Donald Trump said the checks should be worth $2,000. According to Insider polling, 72% of Trump supporters think $600 is too small.
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