Reuters"It is very likely that this year the global economy will experience its worst recession since the Great Depression, surpassing that seen during the global financial crisis a decade ago," the IMF said in its report. "The Great Lockdown, as one might call it, is projected to shrink global growth dramatically." NOT 1932The IMF a decade ago estimated the global economy shrank 0.7 percent in 2009 but has since adjusted that contraction to 0.1 percent. The US economy will contract 5.9 percent in 2020, with a rebound to 4.7 percent growth in 2021 under the Fund's best-case scenario. China's economy is forecast to grow 9.2 percent in 2021, the IMF said.

Source: bd News24 April 14, 2020 18:22 UTC