IMF Believes COVID-19 Economic Collapse Will Exceed Predictions, US Economy Will Shrink 8%

IMF Believes COVID-19 Economic Collapse Will Exceed Predictions, US Economy Will Shrink 8%

1 0 4 months ago
"The International Monetary Fund on Wednesday painted a bleak portrait of the global economy, saying the coronavirus pandemic has caused more widespread damage than expected and will be followed by a sluggish recovery," the Washington Post reported Wednesday. How will this IMF projection of the global picture impact the US economy? "The global economy will shrink this year by 4.9 percent, worse than the 3 percent decline predicted in April, the IMF said," according to the ... See More

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