It is clear, we have entered recession: IMF chief

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It is clear, we have entered recession: IMF chief

Mar 28, 2020 10:42 IST

IMF chief Kristalina Georgieva said on Friday that the coronavirus pandemic has driven the global economy into a downturn that will require massive funding to help developing nations. In an online press briefing, Georgieva said that it is clear that we have entered a recession that will be worse than in 2009 following the global financial crisis. She said over 80 countries, mostly of low incomes, have already have requested emergency aid from the International Monetary Fund.

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