IMF sees 'profound uncertainty' about global recovery: Gita Gopinath

Gopinath said the economic crisis triggered by the novel coronavirus pandemic was more global and playing out differently than past crises

The International Monetary Fund will likely forecast a worse contraction in the global economy than previously estimated for 2020 and sees "profound uncertainty" about the path of recovery, IMF chief economist Gita Gopinath said in a new blog.

Gopinath said the economic crisis triggered by the novel coronavirus (Covid-19) pandemic was more global and playing out differently than past crises, with the services sector hit harder than manufacturing in both advanced and emerging market economies, and inflation low across the board.

She also cited a striking divergence of financial markets from the real economy, which could portend greater volatility in