IMF warns coronavirus recession could be worse than 2009 financial crisis; says will require unprecedented response
The world economy is facing 'severe' economic damage from the coronavirus pandemic that could be even more costly than in 2009 and will require an unprecedented response, International Monetary Fund(IMF) chief Kristalina Georgieva said Monday
Washington: The world economy is facing "severe" economic damage from the coronavirus pandemic that could be even more costly than in 2009 and will require an unprecedented response, International Monetary Fund(IMF) chief Kristalina Georgieva said Monday.
In comments to finance ministers from the Group of 20 nations, Georgieva called on advanced economies to provide more support to low-income countries, and the IMF stands "ready to deploy all our $1 trillion lending capacity."
As much of the world faces mass shutdowns, Georgieva warned the outlook for global growth in 2020 "is negative -- a recession at least as bad as during the global financial crisis or worse."
Some variants can escape naturally induced immunity, vaccine manufacturers will need to develop better vaccines to cover these new variants.
Madhya Pradesh chief minister Shivraj Singh Chouhan said the gap between official figures and the bodies coming for a funeral is because the funeral of suspected patients is also being done as per COVID-19 protocols
India must accelerate COVID-19 vaccination rate if it wants to inoculate quarter of its population by August
Roughly 9 million of India’s population has been completely vaccinated against the novel coronavirus till date