"Under any scenario, the global growth in 2020 will drop below last year's level, which was 2.9%," IMF spokesman Gerry Rice told reporters. But how far will it fall is"difficult to predict, at this point, obviously, given the uncertainty."
"It depends, of course, on the spread, the propagation of the outbreak. It depends on the measures taken to respond and how effective they are."and global economies that could amount to a worldwide recession. IHS Markit this week slashed its forecast for global growth to 1.7%.
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:
Philippines Latest News, Philippines Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Iran asks IMF for first loan in decades to combat coronavirusThe various loans that can be granted by the International Monetary Fund must be approved by the institution's executive board, where the United States practically has a veto on decisions. coronavirus
Source: rapplerdotcom - 🏆 4. / 86 Read more »
Trump economic team grasps for credibility with outbreakWASHINGTON — During the financial crisis a decade ago, President Barack Obama could look around the room and turn to an economist who served as Harvard&039;s president, a former president of the
Source: inquirerdotnet - 🏆 3. / 86 Read more »
Bataan to create a quick response team as contingency vs COVID-19BALANGA CITY, BATAAN — In the wake of the rapid increase in the number of coronavirus disease 2019 (COVID-19) cases in the country, an inter-agency committee, led by the Bataan provincial health office, has proposed the creation of a quick-response emergency team in case of a possible lockdown scenario in the province.
Source: manilabulletin - 🏆 25. / 51 Read more »
AP Source: NBA owners leaning toward playing without fansMIAMI — The majority of NBA owners are leaning toward a proposal to temporarily play games without fans in the buildings in response to the global concerns surrounding the coronavirus, a person
Source: cebudailynews - 🏆 8. / 71 Read more »
Iran asks IMF for first loan in decades to combat coronavirusThe various loans that can be granted by the International Monetary Fund must be approved by the institution's executive board, where the United States practically has a veto on decisions. coronavirus
Source: rapplerdotcom - 🏆 4. / 86 Read more »
TECO adopts precautionary measures against virusThe Taipei Economic and Cultural Office (TECO) in the Philippines decided on Tuesday to implement precautionary measures following the declaration of the state of public health emergency in the country.
Source: manilabulletin - 🏆 25. / 51 Read more »