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Coronavirus: Mideast economies to sink into recession this year, IMF says
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The Middle East, already wracked by high numbers of unemployed youth, unrest, conflict and large numbers of refugees, will sink into a recession this year sparked by the double shock of the coronavirus outbreak and low oil prices, the International Monetary Fund said Wednesday.
The impact of COVID-19, the disease caused by the virus, threatens to leave in its wake significant economic turmoil across the region, the international lender says.
If governments mishandle the outbreak, the IMF warns this will sow the seeds for even more social unrest and instability. Given the magnitude of the global crisis, the lender is calling on governments to prioritize health care spending, regardless of fiscal capacity, in order to contain the crisis as
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COVID-19
United States
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Cases: 46 252 513
Deaths: 750 423
Recovered: 0
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India
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Cases: 34 321 025
Deaths: 459 652
Recovered: 0
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Brazil
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Cases: 21 835 785
Deaths: 608 235
Recovered: 0
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United Kingdom
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Cases: 9 215 683
Deaths: 141 607
Recovered: 0
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Russia
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Cases: 8 494 589
Deaths: 237 619
Recovered: 0
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