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International News

IMF: 95% Of Countries Projected To Face Negative Per Capita Income Growth In 2020

The International Monetary Fund (IMF) Managing Director, Kristalina Georgieva  (pictured) has revealed that  the Fund’s  latest  assessment has  downgraded growth projection for the world economy—a contraction of 4.9 percent for 2020. “The recession will be deeper in 2020 and the recovery slower in 2021 than expected in our April forecast.

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