Global economy moving from ‘relative predictability’ to uncertainty: IMF MD
WASHINGTON: The global economy is moving from a world of relative predictability to one of greater uncertainty, IMF chief Kristalina Georgieva has said, warning that countries accounting for about one-third of the world economy will experience at least two consecutive quarters of contraction this or next year. In a major policy speech here ahead of […]
Global economy could shrink by almost 1% in 2020 due to COVID-19 pandemic: UN
By Yoshita Singh UNITED NATIONS (UN): The global economy could shrink by up to one per cent in 2020 due to the coronavirus pandemic, a reversal from the previous forecast of 2.5 per cent growth, the UN has said, warning that it may contract even further if restrictions on the economic activities are extended without […]