Current Affairs - International - Discussion

IMF chief Kristalina Georgieva confirmed the world economy was already sluggish before the coronavirus outbreak now bound to suffer a "severe recession" in 2020.Addressing the Development Committee Meeting during the annual Spring Meeting of the International Monetary Fund (IMF) and the World Bank, the IMF Managing Director said a massive global contraction in the first half of this year was inevitable. Headquarters of IMF is in Washington, D.C. U.S.