The IMF expects the global economy to shrink in 2020 and then recover in 2021

category:Finance
 The IMF expects the global economy to shrink in 2020 and then recover in 2021


The IMF said it was working closely with other international financial institutions to provide a strong coordinated response and reiterated its readiness to deploy all of its $1 trillion lending capacity. Georgieva said: to achieve a rebound in the economy next year, it is essential to give priority to curbing the virus and strengthening health systems everywhere. The economic impact will be serious, but the faster the virus stops, the faster and stronger it will recover. The International Monetary Fund points out that major central banks that initiate bilateral swap lines with emerging economies may need to provide more. The Fund said it was also exploring a possible proposal that would help promote a broader swap trading network, including through IMF swaps.

The IMF said it was working closely with other international financial institutions to provide a strong coordinated response and reiterated its readiness to deploy all of its $1 trillion lending capacity.

The International Monetary Fund points out that major central banks that initiate bilateral swap lines with emerging economies may need to provide more. The Fund said it was also exploring a possible proposal that would help promote a broader swap trading network, including through IMF swaps.