The world has entered the worst recession than that of 2009, the International Monetary Fund IMF has said. It is now clear that we have entered a recession – as bad as or worse than in 2009. We do project recovery in 2021,’’ Georgieva said. To support this, Georgieva said IMF has launched a policy action tracker for 186 countries to see who is doing what. The international lender revealed that seen an extraordinary spike in requests for IMF emergency financing – with 80 countries already placed requests and more are likely to come.

Source: The Star March 29, 2020 09:56 UTC