IMF set to cut economic forecasts and warns of a crisis 'unlike anything the world has seen'
It said the current crisis is "unlike anything the world has seen before."
An exterior view of the building of the International Monetary Fund , with the IMG logo, is seen on March 27, 2020 in Washington, DC.estimated back in April, the institution's chief economist said Tuesday. "For the first time since the Great Depression, both advanced and emerging market economies will be in recession in 2020. The forthcoming June World Economic Outlook Update is likely to show negative growth rates even worse than previously estimated," Gita Gopinath, the IMF's chief economist, said in a blog post.
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