World Economic Growth Rate “Negative for the First Time in 11 Years” IMF Mar 24 13:17
IMF = International Monetary Fund has seen its global economic growth rate fall for the first time in 11 years since 2009, when the global economy was affected by the spread of the new coronavirus and the Lehman Shock was widespread. The prospect of falling into
This was announced in a statement issued by the IMF's Managing Director Georgieva on Tuesday.
According to the report, the economic loss due to the spread of the new coronavirus is immense, and the growth rate of the world economy is expected to fall into the minus. A negative growth rate is the first time in 11 years since 2009, when the serious effects of the Lehman shock spread.
"It will be the same or even worse," said Georgieva, managing director.
The IMF, as of last month, was expecting a 3.2% growth rate over last year, indicating a serious economic impact of the rapidly spreading global coronavirus.
The IMF also pointed out that investors in the turmoil in the financial markets have withdrawn $ 83 billion from emerging nations and over 9 trillion yen in Japanese yen, and have indicated their intention to launch support for emerging nations.