World faces worst fallout since Great Depression, warns IMF chief
A sign at a closed theatre encouraging passers-by during the ongoing Covid-19 pandemic in Laguna Beach, California. The American state is in lockdown which has resulted in millions of job losses. – EPA pic, April 10, 2020.
THE coronavirus pandemic has inflicted an economic crisis unlike any in the past century and will require a massive response to ensure global recovery, IMF chief Kristalina Georgieva said yesterday. The warnings about the damage inflicted by the virus already were stark, but Georgieva said the world should brace for “the worst economic fallout since the Great Depression”.
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