In remarks previewing next week’s virtual meetings of the 189-nation International Monetary Fund (IMF) and the World Bank, Managing Director Kristalina Georgieva warned that the coronavirus pandemic will drown the global economy into the deepest recession since the Great Depression. Key quotes “We anticipate the worst economic fallout since the Great Depression. The IMF will release an updated world economic forecast on Tuesday that will show just how quickly the coronavirus outbreak has turned what had been expected to be a solid year of growth into a deep downturn. With weak health systems to begin with, many face the dreadful challenge of fighting the virus in densely populated cities and poverty-stricken slums, where social distancing is hardly an option. I stress there is tremendous uncertainty around the outlook. It could get worse depending on many variable factors, including the duration of the pandemic.” FX Street FX Street FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions. View All Post By FX Street FXStreet News share Read Next Bitcoin Price Analysis: Bears eye $6775 amid symmetrical triangle breakdown FX Street 2 years In remarks previewing next week’s virtual meetings of the 189-nation International Monetary Fund (IMF) and the World Bank, Managing Director Kristalina Georgieva warned that the coronavirus pandemic will drown the global economy into the deepest recession since the Great Depression. Key quotes “We anticipate the worst economic fallout since the Great Depression. The IMF will release an updated world economic forecast on Tuesday that will show just how quickly the coronavirus outbreak has turned what had been expected to be a solid year of growth into a deep downturn. With weak health systems to begin with, many face the dreadful… Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.
