WASHINGTON (Sputnik) – The global economy has entered a recession and a sizeable recovery is possible next year upon the defeat of the novel coronavirus (COVID-19) everywhere, International Monetary Fund (IMF) Managing Director Kristalina Georgieva told reporters on Friday.
The IMF Managing Director projected that economic recovery is possible in 2021 on the condition that the COVID-19 pandemic is contained worldwide.
The IMF Managing Director warned that the recession will be “quite deep.”
These steps should shorten the recession, Georgieva added. She also called for well-targeted measures primarily focusing on the health system.
Sourse: sputniknews.com
