Gita Gopinath, the IMF’s chief economist, cited the depth of the crisis, the need for labour reallocation, the onset of bankruptcies and insolvency issues, and changes in consumer behaviour, as variables affecting economic recovery. Photo: AFP
Gita Gopinath, the IMF’s chief economist, cited the depth of the crisis, the need for labour reallocation, the onset of bankruptcies and insolvency issues, and changes in consumer behaviour, as variabShow more

Economy

Global economy to suffer 'significant scarring effects', says IMF

The organisation's chief economist said growth projections to be released this month will likely be worse than the 3% contraction estimated in April

Bloomberg

June 13, 2020