IMF: World growth to be ‘sharply negative’

Global economic growth will turn “sharply negative” this year, with a “partial recovery” for 2021 only if the COVID-19 pandemic recedes in the second half of 2020, the International Monetary Fund said on Thursday.”Just three months ago, we expected positive per capita income growth in over 160 of our member countries in 2020,” IMF Managing Director Kristalina Georgieva said in a curtain-raiser speech ahead of next week’s IMF and World Bank Spring Meetings.”Today, that number has been turned on its head: We now project that over 170 countries will experience negative per capita income growth th…

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