Ms Georgieva said that if the pandemic eased in the second half of 2020, the IMF expected to see a partial recovery next year. But she cautioned that the situation could also worsen.
"I stress there is tremendous uncertainty about the outlook. It could get worse depending on many variable factors, including the duration of the pandemic," she said.Coronavirus: Millions of Americans unemployedthe number of Americans seeking unemployment benefits had surged for the third weekThe US Federal Reserve said it would unleash an additional $2.
The European Commission earlier said it aimed to co-ordinate a possible"roadmap" to move away from the restrictive measures.that the pandemic posed"the most severe crisis" since World War Two. It said the outbreak was expected to wipe out 6.7% of working hours across the world during the second quarter of 2020 - the equivalent of 195 million full-time workers losing their jobs.the Organisation for Economic Co-operation and Development warned that the global economy would take years to recoverSecretary general Angel Gurría said that economies were suffering a bigger shock than after the 9/11 terror attacks of 2001 or the 2008 financial crisis.
everything happened in life, so we will handle everything
Just what the govements around all the world wanted from the start. This is more to do with the economy than a virus. Watch this space it will all come out in the end
Wish they would stop reporting all the doom&gloom we all know what’s happening do they really have to put sensational headlines it’s bad enough getting thro this crisis the media having a lot to answer for
What do IMF know! sounds like they are making a mountain out of a molehill.
Exactly the news people want to read’ good old anti Britain broadcasting corporation doing what they’re good at.
AND NOW FOR THE GOOD NEWS BBC WILL FOLD AND BE SOLD TO .... ... a certain Australian ?
If the IMF predict anything it's certain you should think the opposite.
yeah well, lets all survive and not die first before we worry about money, its what got us in this mess in the first place, people putting business and profit before people.
The Media refuses to question!
TBF the stock market is doing a lot better than all the people losing their jobs. Same old politicians made sure of that. This time there are no protests.
long road back for every nation after this
JimMcMenamin8 IMF are arseholes it's completely different. We are taking a break from capitalism
So much for the market will respond and correct everything that is needed mantra of capitalists, proven wrong by a virus, exposed illusion that capitalism kills and will kill more long after the virus has been forgotten
It's also a human crisis. You know people is dying, hungry, scare...perhaps we should change the economic system we have.
Cripple the economy on the advice of epidemiologists & specialists in disease control, only to let millions more die from the economic upheaval & debt passed on to future generations. - Madness! Future generations will be paying for this policy for decades. They will not forget
You mean worst economic crisis for those in poverty or those heading rapidly towards to it. Maybe the one positive from this could be the restribution of wealth.
Fuck me, didn’t see that one coming!
I think we all guessed this at the start of the lockdowns didn't we?
And more importantly, hundreds of loved ones are dying every day. The Government and those not staying at home should hang their heads in shame.
A depression will kill more than any corona bullshit.
Yet the Depression 2020 starts on September. Wait for it.
What percentage of people died in the 1930s depression what was the life expectancy was worse than this virus might be!
And worst national leader since Berlin 1944, BorisJohnson 10DowningStreet
The IMF depressions & crises never effect the upper rich class . Poverty is an invention.
We worked that out already let's just keep people alive and worry about the stock market later.
Might be the first time the IMF get it right, strangely enough now that madame L has moved on to the ECB.🤔
2020 at us all:
You can't keep growing. World's resources are finite and there is an excess of 5,500,000,000 people on this planet.
Not for the billionaires and the hedge funds , their getting bailed out and get to keep their massive dividend payoffs, and the hedge funds are making a killing.
Should have listened to Peter Hitchens about a month ago
Yeah when China unleashed a deadly virus on the world and we have to shut down what do you expect.
No shit. Most people are just worried about getting through this. For some it's a horrific source of anxiety just to keep going. Let's try and not put Worst and depression in too many headlines...
Theres nothing good about this.. Wait while it really hits The Us, South America, India, Africa.. Here in The UK.. We might get lucky, if idiots StayHome
Thanks for encouraging the government on the lock down.
Does this mean we can have a reset and everyone can cut China off?
And to think we have all this tech
Donald Trump and his greedy cronies are unfit to repair any damage to the US economy.
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