IMF Predicts a 4.4% Drop in Global Growth in 2020
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