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Added on the 11/10/2022 15:26:55 - Copyright : AFPTV - First images
A US stimulus package in the order of the $2.2 trillion CARES act approved in March would increase growth by two percentage points next year, the IMF's chief economist tells AFP. SOUNDBITE
Washington DC, Apr 14 (EFE).- "We project global growth in 2020 to fall to -3 per cent," the International Monetary Fund (IMF) reported on Tuesday."This is a downgrade of 6.3 percentage points from January 2020, a major revision over a very short period. This makes the Great Lockdown the worst recession since the Great Depression, and far worse than the Global Financial Crisis," the organism added.FOOTAGE OF WORLD BANK AND INTERNATIONAL MONETARY FUND HEADQUARTERS IN WASHINGTON DC.
"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
Several countries release PMI data next week while attention will be focused on Hong Kong retail sales numbers and how the political unrest has affected business. Pamela Ambler reports.
The US Senate passes a major military aid package for Ukraine, with President Joe Biden vowing new arms supplies in the $61 billion measure will be delivered swiftly to the warzone as Russia makes battlefield gains. IMAGES
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