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| | | Title | IMF World Economic Outlook: The Great Lockdown | | Author | International Monetary Fund | | Subject | COVID 19 | | Date of Publication | 2020 | | Publisher | International Monetary Fund | | Number of Pages | 37 pages | | Language | English | | Geographical Coverage | Africa, World | | Keywords | COVID 19 Pandemic | | Abstract | The COVID-19 pandemic is inflicting high and rising human costs worldwide. Protecting lives and allowing health care systems to cope have required isolation, lockdowns, and widespread closures to slow the spread of the virus. The health crisis is therefore having a severe impact on economic activity. As a result of the pandemic, the global economy is projected to contract sharply by –3 percent in 2020, much worse than during the 2008–09 financial crisis. In a baseline scenario, which assumes that the pandemic fades in the second half of 2020 and containment efforts can be gradually unwound, the global economy is projected to grow by 5.8 percent in 2021 as economic activity normalizes, helped by policy support. | | Copyright Holder | International Monetary Fund | | Copyright URL | https://www.imf.org | | Filesize | 1619346 MB | | File Format | PDF | | [ View / download original document ] |
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