IMF chief economist Gita Gopinath speaks at a virtual press briefing in October, 2020
Although economists expect a strong rebound this year, losses are still projected to be in the tens of trillions between 2020 and 2025. IMF chief Gita Gopinath said the pandemic is causing "severe damage."
The global economy is set to lose over $22 trillion (€18 trillion) between 2020 and 2025, due to the impacts of the coronavirus pandemic, the International Monetary Fund (IMF) said on Tuesday.
The economy will likely see a strong rebound this year, but the pandemic is causing severe damage, said IMF chief economist Gita Gopinath.
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WNU Editor: The IMF sees robust economic growth for 2021 .... IMF raises 2021 global growth projection to 5.5 percent (The Hill). More here .... IMF raises global growth forecasts, expects 'low levels' of COVID-19 by end of 2022 (Yahoo finance). But the IMF is also hedging its projections by warning that the new Covid variants may upend all projections .... IMF more upbeat on global economy, but warns new Covid variants could derail growth (CNBC).
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