{"id":3144,"date":"2024-03-24T15:27:05","date_gmt":"2024-03-24T15:27:05","guid":{"rendered":"https:\/\/geopoliticalcompass.com\/?p=3144"},"modified":"2024-03-24T15:27:33","modified_gmt":"2024-03-24T15:27:33","slug":"the-imf-says-its-forecast-for-the-covid-19-recession-might-now-be-too-optimistic","status":"publish","type":"post","link":"https:\/\/geopoliticalcompass.com\/?p=3144","title":{"rendered":"The IMF says its forecast for the COVID-19 recession might now be too optimistic"},"content":{"rendered":"\t\t
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Author<\/b>: <\/span>\u00a0<\/i><\/b>Ben Winck<\/span><\/a><\/p>

Affiliation:<\/b> Markets Insider Junior Reporter, Business Insider<\/span><\/a><\/p>

Organization\/Publisher<\/b>: <\/span>World Economic Forum<\/span><\/a><\/p>

Date\/Place:<\/b> April 18, 2020<\/span>\/ <\/span>Switzerland<\/span><\/p>

Type of Literature:<\/b> Report<\/span><\/p>

Word Count:<\/b> 1200<\/span><\/p>

Link<\/b>:<\/span>https:\/\/www.weforum.org\/agenda\/2020\/04\/imf-economy-coronavirus-covid-19-recession\/<\/span><\/a><\/p>

Keywords: <\/b>IMF, World Economic Forum, Recession, Great Lockdown<\/span><\/i>\u00a0<\/span><\/p>

Brief:<\/b><\/p>

International Monetary Fund issued a report titled \u201cGreat Lockdown\u201d which narrates that the global economy will shrink by 3% GDP per capita, which stirred up many nations. However, a report publ<\/span>ished by World Economic Forum says that the IMF\u2019s forecast for the Covid-19 recession might now be \u201ctoo optimistic.\u201d IMF\u2019s report lists 170 nations with fragile economies, that most would likely be shattered by economic recession. The report further highlights that the post Covid-19 recession will keep economies in struggle f<\/span>or years to come. The following graph reflects the trembling Purchasing Power Parity as a result of Covid-19 great lockdown.\u00a0<\/span><\/p>

\"A<\/p>

\u00a0<\/span>The still \u201cunknowns\u201d of the virus’ future have left the world’s connoisseurs in the obscure, but the IMF’s latest report lays out bleak effects for protracted outbreaks. Should the epidemic last through 2020, the world economy will appear with extremely modest improvements the following year in a slow-moving reverberation. But a 2021 resurgence of the virus \u201cwould yield an even worse downturn,\u201d and GDP would sharply contract \u201cas credit health deteriorates.\u201d<\/span><\/p>

By: <\/b>Maryam Khan, CIGA Research Associate<\/span><\/p>

\u00a0<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<\/div>\n\t\t","protected":false},"excerpt":{"rendered":"

Author: \u00a0Ben Winck Affiliation: Markets Insider Junior Reporter, Business Insider Organization\/Publisher: World Economic Forum Date\/Place: April 18, 2020\/ Switzerland Type of Literature: Report Word Count: 1200 Link:https:\/\/www.weforum.org\/agenda\/2020\/04\/imf-economy-coronavirus-covid-19-recession\/ Keywords: IMF, World Economic Forum, Recession, Great Lockdown\u00a0 Brief: International Monetary Fund issued a report titled \u201cGreat Lockdown\u201d which narrates that the global economy will shrink by 3% […]<\/p>\n","protected":false},"author":22,"featured_media":3145,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[31],"tags":[],"class_list":["post-3144","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-global-perspective-and-critical-research"],"blocksy_meta":[],"aioseo_notices":[],"featured_image_urls":{"full":["https:\/\/geopoliticalcompass.com\/wp-content\/uploads\/2024\/03\/The-IMF-says-its-forecast-for-the-COVID-19-recession-might-now-be-too-optimistic-scaled.jpg",2560,1440,false],"thumbnail":["https:\/\/geopoliticalcompass.com\/wp-content\/uploads\/2024\/03\/The-IMF-says-its-forecast-for-the-COVID-19-recession-might-now-be-too-optimistic-150x150.jpg",150,150,true],"medium":["https:\/\/geopoliticalcompass.com\/wp-content\/uploads\/2024\/03\/The-IMF-says-its-forecast-for-the-COVID-19-recession-might-now-be-too-optimistic-300x169.jpg",300,169,true],"medium_large":["https:\/\/geopoliticalcompass.com\/wp-content\/uploads\/2024\/03\/The-IMF-says-its-forecast-for-the-COVID-19-recession-might-now-be-too-optimistic-768x432.jpg",768,432,true],"large":["https:\/\/geopoliticalcompass.com\/wp-content\/uploads\/2024\/03\/The-IMF-says-its-forecast-for-the-COVID-19-recession-might-now-be-too-optimistic-1024x576.jpg",1024,576,true],"1536x1536":["https:\/\/geopoliticalcompass.com\/wp-content\/uploads\/2024\/03\/The-IMF-says-its-forecast-for-the-COVID-19-recession-might-now-be-too-optimistic-1536x864.jpg",1536,864,true],"2048x2048":["https:\/\/geopoliticalcompass.com\/wp-content\/uploads\/2024\/03\/The-IMF-says-its-forecast-for-the-COVID-19-recession-might-now-be-too-optimistic-2048x1152.jpg",2048,1152,true]},"author_info":{"info":["CIGA 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