Wednesday, 14 Oct 2020 07:12 AM MYT
At the start of the annual meetings of the International Monetary Fund and World Bank, the IMF issued slightly improved growth forecasts spurred by unexpectedly stronger rebounds from coronavirus lockdowns in the wealthiest countries and China. Georgieva said governments needed to stay focused on their healthcare responses to the coronavirus and must not withdraw stimulus prematurely.
The Group of 20 major economies, in a draft communique seen by Reuters, said the outlook was “less negative” due to the positive impacts from actions already taken, but the recovery will be “uneven, highly uncertain and subject to elevated downside risk.” The freeze aims to free up billions of dollars that poor countries can divert to their pandemic health and economic responses.
Source: News Formal (newsformal.com)
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