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World Economic Outlook

A view of a pharmacy through protective plastic in Astoria, Queens, during the COVID-19 outbreak in New York City.
UN Photo/Evan Schneider

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

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.  

World Bank/John Hogg

“Bumpy ride” expected in emerging markets in 2016

Developing countries could experience what a senior economist at the International Monetary Fund or IMF has described as a “bumpy ride” in 2016.

The comment follows the publication of an update to the IMF’s World Economic Outlook, which was published in October last year.

The update projects that global growth this year will be 3.4 percent, slightly lower than last autumn’s forecast.

Bruce Edwards has compiled this report.

Duration: 3'58"