IMF Chief: Pandemic Will Cause ‘Worst Economic Fallout Since the Great Depression’

The head of the International Monetary Fund has issued a grim forecast about the world economy. As deaths from Coronavirus grow, most countries will also face a deep recession.

IMF chief Kristalina Georgieva said that almost all of the organization’s 189 members will see living standards decline this year. She said the economic effect would be the worst since the 1930s. read more