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Kristaina Georgieva

Kristaina Georgieva latest

IMF: Recession Is Looming Due to COVID-19, Might be Worse Than 2008 Crisis
March 24th, 2020 - 11:00 GMT

IMF: Recession Is Looming Due to COVID-19, Might be Worse Than 2008 Crisis

The outlook for global growth for 2020 due to the Coronavirus pandemic is negative -a recession at least as bad as during the 2008 global financial crisis or worse, said the managing director of the International Monetary Fund (IMF), adding that recovery is expected in 2021. Kristalina Georgieva made the statement yesterday (March 23) following a conference call of G20 Finance Ministers and Central Bank Governors in Washington, D.C. To ...
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