But in 2021, “partial recovery” could boost markets 5.8%.
In the International Monetary Fund’s World Economic Outlook on Tuesday, Chief Economist Gita Gopinath projected a negative 3% global growth for 2020, followed by a “partial recovery” of 5.8% growth in 2021 provided countries reopen in the latter half of this year, stressing that global markets were hurtling toward the “worst recession since the Great Depression."... [+]
during the IMF and World Bank Fall Meetings on October 15, 2019 in Washington, DC. - The world economy is slowing to its weakest pace since the global financial crisis, amid continuing trade conflicts that have undercut business confidence and investment, the IMF said Tuesday. It cut the growth forecast for 2019 to 3.0 percent in its latest World Economic Outlook report, and lowered the 2020 estimate to 3.4 percent.
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