Want this delivered to your inbox each day? cut its forecasts and warned of “scarring” to the global economy. “We are definitely not out of the woods,” said Gita Gopinath, its chief economist. “This is a crisis like no other and will have a recovery like no other.”• The fund said that the decline in global G.D.P. this year would be worse than forecast two months ago, and that the strength of a bounce next year would be weaker than expected.

Source: New York Times June 25, 2020 10:55 UTC