In this April 6, 2020, file photo, a homeless child tries to fly a kite on the middle of a deserted road during the lockdown in New Delhi. India and China are the only two significantly important economies that are expected to buck the global recession that the IMF has forecast for 2020. (AP)The “Great Lockdown, as one might call it, is projected to shrink global growth dramatically”, the International Monetary Fund (IMF) declared on Tuesday. India and China are the only two significantly important economies that are expected to buck the global recession that the IMF has forecast for 2020. In its 2020 World Economic Outlook, the IMF said the global economy is expected to shrink by 3 per cent during 2020 in a stunning coronavirus-driven collapse of activity that will mark the steepest downturn since the Great Depression of the 1930s.

Source: The Telegraph April 14, 2020 22:07 UTC