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

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