According to the International Monetary Fund (IMF) on Wednesday, the economic crisis following the coronavirus health crisis will be much worse than expected and the recovery will be slower than expected. The IMF expects a global recession of 4.9% in 2020. Much worse than the 3% expected in April, in the heart of the pandemic.

The global recession, following containment measures to stem the Covid-19 pandemic, will be stronger than expected this year, according to the latest International Monetary Fund forecasts released on Wednesday. The IMF is now counting on a contraction in world GDP of 4.9% against 3% in April. All regions of the world are affected by these pessimistic projections.

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And for certain countries, particularly in Europe, the contraction in gross domestic product is staggering: -12.5% ​​for France, -12.8% for Spain and Italy. The GDP of the United States, the world's largest economy, will plunge 8% against 5.9% previously estimated. In addition, the Washington institution believes that the recovery expected in 2021 will be less sustained than initially projected (+ 5.4% against 5.8%). And in total, this crisis will induce a cumulative loss of more than 12,000 billion dollars for the world economy in two years.

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