Kristalina Georgieva, the Managing Director of the International Monetary Fund confirmed that countries around the world have taken financial measures amounting to about $8 trillion to face the repercussions of the Coruna virus.
In addition, she noted, significant monetary measures have been taken by the G20 and other countries, but it is already clear that global growth will shift to negative rates in 2020.
Georgieva pointed out that just three months ago, the Fund had expected positive growth rates per capita income in 2020 in more than 160 of our member countries, and today this number has turned upside down, so we expect negative growth rates per capita in more than 170 member countries this year.
"Given the containment measures necessary to slow the spread of the virus, the global economy has begun to be severely affected. This is especially true for retail trade, hospitality, transportation, and tourism. The majority of workers in most countries either work for themselves or in small and medium-sized enterprises, and these businesses and workers are at risk, in particular".
Source (Al-Arabiya.net website, Edited)
