Global economic contraction stands at 4.4% - International Monetary Fund (IMF) predicts in its updated Economic Outlook.
The predicted global economic contraction is more moderate than the IMF envisaged four months ago. IMF is forecasting a somewhat less severe recession than it predicted in June.
However, that is followed by a rebound of 5.2% next year, which is less than the previous prediction.
Next year's world downgrade is less than this year's upgrade.
