This was reported by RIA Novosti with reference to remarks by the head of the IMF, Kristalina Georgieva, following a conference call with G20 finance ministers.

“Firstly, the prospects for global growth: for 2020 it is negative - the recession is at least as serious as during the global financial crisis or worse,” she said.

Along with this, the head of the IMF noted that the fund expects recovery in 2021.

Earlier, Pavel Gribov, associate professor at the Department of Economic Security at the RANEPA, in an interview with the FBA “Economics Today,” estimated the consequences of the situation with coronavirus for the global economy.