Connect with us

Hi, what are you looking for?


The World Has Entered a Recession, Worse Than 2009 Financial Crisis – IMF Chief

International Monetary Fund Managing Director Kristalina Georgieva in Washington, DC on Friday said “it is clear” that world has “entered a recession as bad or worse” than the global financial crisis in 2009, reports Reuters.

The coronavirus pandemic will cause global economic output to contract in 2020, top officials of the International Monetary Fund said on Friday.

“There may be a sizable rebound, but only if we succeed at containing the virus everywhere,” said the IMF chief.

Featured Image Credit: Economic Times


Follow us on Twitter at @thesignalng

Copyright 2020 SIGNAL. Permission to use portions of this article is granted provided appropriate credits are given to and other relevant sources.

Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *




Nigerians should not be afraid of any form of food crisis, the Federal Government said on Monday, as it kicked against the projections of...


The International Monetary Fund has said inflation, debt, and forex crisis is pushing the Nigerian economy and other African economies to the brink. The...


The International Monetary Fund has noted the rising rate of unemployment, after an analysis of the economic and financial developments in Nigeria. This observation...


A former Managing Director of Asset Management Corporation of Nigeria (AMCON), Mr. Mustapha Chike-Obi, has stated that Nigeria needs over $20 billion to avert...

Copyright ©