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Economics
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What is going on in world economy?

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World has entered a downturn as awful or more terrible than worldwide budgetary emergency

IMF's gauge for the general budgetary needs of developing markets is $2.5 trillion, says Kristalina Georgieva

Recuperation anticipated in 2021, however just if infection can be contained and can keep liquidity issues from turning out to be dissolvability issues, says Georgieva

Coronavirus outbreakCoronavirusIMF

 

The coronavirus pandemic has driven the worldwide economy into a downturn that will require monstrous subsidizing to help creating countries, IMF boss Kristalina Georgieva said Friday.

 

"Obviously we have entered a downturn" that will be more awful than in 2009 after the worldwide budgetary emergency, she said in an online press preparation.