13.Oct .2020 17:45

4.4% Contraction in 2020; 5.2% Rebound in 2021 – IMF Predicts

4.4% Contraction in 2020; 5.2% Rebound in 2021 – IMF Predicts
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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.