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World economy at its worst due to COVID-19. We have reassessed the prospect for growth for 2020 and 2021. It is now clear that we have entered a recession – as bad as or worse than in 2009 – IMF Chief

COVID-19 on the global economy is the risk of a wave of bankruptcies and layoffs capable of eroding the fabric of the societies. The world’s economy has entered a recession and requires massive funding to help developing nations, Ms Kristalina Georgieva has declared. Georgieva, the Managing