Nation

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

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.

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