IMF managing director Kristalina Georgieva says projections are clouded by the 'unknown behaviour of the virus', which has killed more than 270,000 people worldwide. – EPA pic, May 9, 2020.
THE International Monetary Fund head said yesterday that previous estimates for the world economy to contract by 3% this year were too optimistic. IMF managing director Kristalina Georgieva, during a video-linked conference in Florence, said worsening indicators in some countries could weigh even further on this forecast.
Effective July 2018, access to full reports will only be available with a subscription. Sign-up now and enjoy one week free access!
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
Finance Finance Latest News, Finance Finance Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Myanmar talking with World Bank, ADB, IMF for funds to rescue economyMay 7 - The Myanmar government is negotiating for aid and assistance from the World Bank, Asian Development Bank (ADB) and International Monetary Fund (IMF) to help it implement a stimulus plan to rescue its virus-hit economy, according to Myanmar Times Thursday.
Source: staronline - 🏆 4. / 75 Read more »
Now is the time for public investment projects, IMF says | Malay MailWASHINGTON, May 6 — Countries around the world should use the novel coronavirus pandemic as an opportunity to invest in public infrastructure and other projects that take advantage of low interest rates, the International Monetary Fund said in a report today. Countries should also strengthen...
Source: malaymail - 🏆 1. / 86 Read more »
Asia equities turn negative as virus economic reality bitesHONG KONG (AFP): Asian markets dropped Thursday (May 7) as the economic reality of the coronavirus crisis became even starker, and China-US relations soured, overshadowing recent optimism over the easing of lockdown measures.
Source: staronline - 🏆 4. / 75 Read more »
Asia equities turn negative as virus economic reality bites | Malay MailHONG KONG, May 7 — Asian markets dropped today as the economic reality of the coronavirus crisis became even starker, and China-US relations soured, overshadowing recent optimism over the easing of lockdown measures. With countries from Asia-Pacific to Europe and US states reopening their...
Source: malaymail - 🏆 1. / 86 Read more »
Asia equities turn negative as virus economic reality bites | Malay MailHONG KONG, May 7 — Asian markets dropped today as the economic reality of the coronavirus crisis became even starker, and China-US relations soured, overshadowing recent optimism over the easing of lockdown measures. With countries from Asia-Pacific to Europe and US states reopening their...
Source: malaymail - 🏆 1. / 86 Read more »