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World economy has entered a recession ‘as bad or worse’ than the global financial crisis – IMF chief

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IMF chief Kristalina Georgieva said it’s “clear” that the global economy has “entered recession” due to the evolving Covid-19 pandemic, and that the organization is working on projections to assess how severe it will be.

Georgieva said she expects the recession to be “quite deep.” Recovery is projected for 2021, …

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