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TitleIMF World Economic Outlook: The Great Lockdown
AuthorInternational Monetary Fund
SubjectCOVID 19
Date of Publication2020
PublisherInternational Monetary Fund
Number of Pages37 pages
LanguageEnglish
Geographical CoverageAfrica, World
KeywordsCOVID 19 Pandemic
AbstractThe 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 HolderInternational Monetary Fund
Copyright URLhttps://www.imf.org
Filesize1619346 MB
File FormatPDF
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