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.

Published: 26th January 2021 07:07 PM  |   Last Updated: 26th January 2021 07:07 PM   |  A+A-

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

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.


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