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IMF: Global economy will suffer worst year since Great Depression

Washington pandemic economy crisis Coronavirus
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If you are struggling with finances during the pandemic, these tips may be helpful. WASHINGTON - Beaten down by the coronavirus outbreak, the world economy in 2020 will suffer its worst year since the Great Depression of the 1930s, the International Monetary Fund says in its latest forecast. RELATED: Most COVID-19 stimulus deposits to be received by Wednesday, Mnuchin says The IMF said Tuesday that it expects the global economy to shrink 3% this year — far worse than its 0.1% dip in the Great Recession year of 2009 — before rebounding in 2021 with 5.8% growth.

It acknowledges, though, that prospects for a rebound next year are clouded by uncertainty. The bleak assessment represents a breathtaking downgrade by the IMF.

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COVID-19
United States
United States
Cases: 46 252 513
Deaths: 750 423
Recovered: 0
India
India
Cases: 34 321 025
Deaths: 459 652
Recovered: 0
Brazil
Brazil
Cases: 21 835 785
Deaths: 608 235
Recovered: 0
United Kingdom
United Kingdom
Cases: 9 215 683
Deaths: 141 607
Recovered: 0
Russia
Russia
Cases: 8 494 589
Deaths: 237 619
Recovered: 0
Detail statistic
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