The CCP virus pandemic is causing wider and deeper damage to economic activity than experts initially predicted, according to the International Monetary Fund, which slashed its 2020 and 2021 global output forecasts further.
“The COVID-19 pandemic has had a more negative impact on activity in the first half of 2020 than anticipated, and the recovery is projected to be more gradual than previously forecast,” the IMF said in its revised economic outlook, released June 24.
