IMF's Georgieva: World has entered a recession as bad or worse than global financial crisis
|"It is clear that the world has entered a recession as bad or worse than the global financial crisis," International Monetary Fund's (IMF) Managing Director Kristalina Georgieva said on Friday.
Additional takeaways
"Recovery projected in 2021, but only if the virus can be contained and can prevent liquidity problems from becoming solvency issues."
"Recession for 2020 expected to be quite deep."
"Countries should step response measures aggressively."
"IMF considering whether to expand the use of precautionary credit lines, bring forward liquidity provisions."
"IMF has received pledges from Britain, Japan, China for catastrophic containment and relief trust for poorest countries."
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers.