IMF world economic growth outlook revised downward again Warning against the second wave Background June 24 22:22

The IMF = International Monetary Fund again revised down its outlook for global economic growth this time, forecasting it to fall to -4.9%. It is said that the recovery of consumption and production will be slower than expected, against the backdrop of the caution against the second wave of the new coronavirus.

The IMF announced a global economic outlook on the 24th, saying that in 2020, it will drop by 1.9 points from the worsening level predicted since the Great Depression in April to 4.9%. I will.

Looking at the breakdown, it was in the euro area that the largest revisions were made in developed countries:
France reduced 5.3 points to minus 12.5% ​​and
Italy reduced 3.7 points to minus 12.8%.

Also, the United States reduced 2.1 points to minus 8%, and
Japan reduced 0.6 points to minus 5.8%.

About the reason for the revision The IMF says that recovery of consumption and production will be slower than expected because companies and consumers will be wary of the second wave of infection etc. and keep refraining from activities for the time being ..

On the other hand, IMF expects
India to reduce 6.4 points to minus 4.5% and
Brazil to reduce 3.8 points to minus 9.1%, assuming that infections are spreading to emerging countries .