She warned that “global growth will turn sharply negative in 2020,” with 170 of the International Monetary Fund’s 180 members experiencing a decline in per capita income.
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“In fact, we anticipate the worst economic fallout since the Great Depression.”
Even in the best case the IMF expects only a “partial recovery” next year, and she urged governments to provide “lifelines” for businesses and households to “avoid a scarring of the economy that would make the recovery so much more difficult.”