Tag Archives: IMF

The International Monetary Fund (IMF) has projected that a best-case scenario sees global GDP growth falling to negative 3 percent in 2020 (IMF). Their worst-case scenario, in which the pandemic’s spread does not diminish in the second half of 2020, subtracts an additional 3 percent from GDP growth (IMF). Before the coronavirus pandemic began circulating […]

On Wednesday, officials from the G20 major economies agreed to freeze debt owed by the world’s poorest countries (Reuters). The measure is aimed to help developing nations focus their spending on healthcare and protecting their vulnerable citizens from the pandemic (AP). An estimated 76 nations will be eligible for the debt deferment, with 40 being […]