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IMF meets with global economy in historic recession

Bloomberg
Bloomberg10/12/2020 11:13 AM GMT+08  • 5 min read
IMF meets with global economy in historic recession
The guardians of the global economy will gather this week under the cloud of the worst recession since the Great Depression.
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The guardians of the global economy will gather this week under the cloud of the worst recession since the Great Depression, and a recovery dependent on scientists finding a coronavirus vaccine.

The International Monetary Fund and World Bank will hold their annual meetings, with both calling on the Group of 20 largest economies to extend a freeze in debt payments from the world’s poorest nations that’s set to expire at year end.

While the fund last week flagged a “small upward revision” to its 2020 growth forecast from its June outlook, it warned the rebound will be long and uneven.

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