Pandemic to slash USD 22 trillion off global GDP 2020-25: IMF

According to Gopinath, the upgrade for 2021 reflects the positive effects of the onset of vaccinations in some countries.

A man walks past a mural depicting the Covid-19 coronavirus. (Photo| AFP) 

WASHINGTON: The global economy is expected to see a strong rebound this year but the coronavirus crisis is causing severe damage, IMF chief economist Gita Gopinath said Tuesday.

"Now at $22 trillion, the projected cumulative output loss over 2020 to 2025, relative to the pre-pandemic projected levels remains substantial," Gopinath told reporters.