IMF Director Sees Pandemic Fallout Being Worse Than Predicted
Wednesday, May 13, 2020 | Tag Cloud Tags: coronavirus, Economy, ISIS, News, virus, Worthy News | Learn about our FREE SYNDICATION Service | Sign up for our Worthy Briefs!
(Worthy News) – A senior official with the International Monetary Fund says the world economic outlook may be even worse than the grim forecast announced by the organization last month.
“Our scenario is likely to fall a little short,” said Alejandro Werner, the IMF director for the Western Hemisphere, in an interview with Voice of America.
The IMF in April predicted a 3% contraction of the global economy this year, based on projections which assumed the coronavirus health crisis eases in the second half of the year. For Latin America, it had predicted a contraction of 5.2%. [ Source: VOA News (Read More…) ]
Fair Use Notice:This site contains copyrighted material the use of which has not always been specifically authorized by the copyright owner. We are making such material available in our efforts to advance understanding of environmental, political, human rights, economic, democracy, scientific, and social justice issues, etc. We believe this constitutes a 'fair use' of any such copyrighted material as provided for in section 107 of the US Copyright Law. In accordance with Title 17 U.S.C. Section 107, the material on this site is distributed without profit to those who have expressed a prior interest in receiving the included information for research and educational purposes. For more information go to: http://www.law.cornell.edu/uscode/17/107.shtml. If you wish to use copyrighted material from this site for purposes of your own that go beyond 'fair use', you must obtain permission from the copyright owner.