The Head of the IMF says world economy headed into worst recession since the Great Depression

[Anonymous]

Like a true friend, I've tried to warn you all



I hope you've listened:

https://www.theguardian.com/business/2020/apr/09/imf-chief-flags-up-grim-global-economic-forecast-covid-19">https://www.theguardian.com/business/20 ... t-covid-19">https://www.theguardian.com/business/2020/apr/09/imf-chief-flags-up-grim-global-economic-forecast-covid-19



The head of the International Monetary Fund has warned that all but a handful of the organisation's 189 member states will suffer falling standards of living this year as a result of the worst global economic crisis since the 1930s.



Kristalina Georgieva said the sudden onset of the Covid-19 pandemic meant the IMF's new forecasts for the world economy were going to be grim when released next week – and there was a risk that the impact could be even worse than currently expected. She said more than 170 countries will suffer a reversal of living standards in 2020.

[Anonymous]

Deloitte has provided us with a comprehensive report on the state of the world economy.



It looks rather grim, predicting a contraction of the US economy later this year:



https://www2.deloitte.com/us/en/insights/economy/global-economic-outlook/weekly-update.html">https://www2.deloitte.com/us/en/insight ... pdate.html">https://www2.deloitte.com/us/en/insights/economy/global-economic-outlook/weekly-update.html