The IMF published the April update of world economic outlook recently. As per the new projection, the impact of COVID-19 on the world economy is smaller than previously expected. The world economy is projected to contract by 3.3 percent in 2020 and then rebound in 2021 by 6.0 percent.
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Source : International Monetary Fund, 2020 |
As per the IMF, out of the 195 member economies 166 economies face a contraction in output in 2020, 16 economies grew by less than 2 percent and the rest of the economies grew by more than 2 percent.
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