IMF Predicts a 4.4% Drop in Global Growth in 2020

What Happened:

• The International Monetary Fund expects a significant drop in worldwide global growth this year due to the recession caused by the pandemic.

• The IMF is estimating that global growth will drop by 4.4% in 2020, the worst drop-off since the Great Depression in the 1930s.

• Despite predicting the global contraction for 2020, the IMF does expect a rebound of 5.2% in 2021.

Photo Source: Friends of Europe

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