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IMF projects global economy to shrink by 4.9% this year over Covid-19

The International Monetary Fund has sharply lowered its forecast for global growth this year because it envisions far more severe economic damage

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AP | PTI 



IMF
For the United States, the IMF predicts that the nation's gross domestic product the value of all goods and services produced in the United States will plummet 8 per cent this year

The International Monetary Fund has sharply lowered its forecast for global growth this year because it envisions far more severe economic damage from the than it did just two months ago.

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First Published: Thu, June 25 2020. 00:46 IST

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