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COVID-19: Growth forecast at -3 per cent, as IMF offers debt relief to most vulnerable nations in Africa, Asia, Middle East and Caribbean

COVID-19: Growth forecast at -3 per cent, as IMF offers debt relief to most vulnerable nations in Africa, Asia, Middle East and Caribbean

Apr 15, 2020, at 01:18 pm

New York/IBNS: Forecasting the “worst economic downturn since the Great Depression”, the International Monetary Fund said on Tuesday that growth for the year was likely to end up at minus three per cent, with a dramatic change evident since the last World Economic Outlook report in January.