IMF - Global Economy Will Suffer Worst Year Since Depression
IMF - Global Economy Will Suffer Worst Year Since Depression

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.

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.

Based on IMF prognosis, Georgia’s economy will reduce by 4% in 2020 and is expected to grow by 3% in 2021.

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