Global Economy Could Suffer ‘Significant Scarring’ – IMF Official
In this file photo an exterior view of the building of the International Monetary Fund , with the IMG logo, is seen on March 27, 2020 in Washington, DC. Olivier DOULIERY / AFPThe economic fallout from the coronavirus pandemic could inflict “significant scarring” worldwide and the outlook for recovery remains highly uncertain, IMF chief economist Gita Gopinath said Friday.
Noting the damage done in particular sectors like transportation, as well as the growing risk of bankruptcies and persistent job losses, coupled with expected changes in consumer behavior “one has to be concerned about the path of recovery.”
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