The IMF has forecast global economic growth to shrink by 3 per cent in 2020 amid the coronavirus pandemic. Photo: AP

Coronavirus: global economic downturn in 2020 likely to be worst since Great Depression, IMF says

  • IMF slashes global economic growth forecast to minus 3 per cent in 2020, from a 3.3 per cent increase predicted in January
  • China will grow only 1.2 per cent this year, down from 6.1 per cent in 2019 and well below the IMF’s January forecast of 6.0 per cent
Topic |   China economy
The IMF has forecast global economic growth to shrink by 3 per cent in 2020 amid the coronavirus pandemic. Photo: AP
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