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IMF forecasts deeper global downturn, rising COVID-19 cases spook investors

Byindianadmin

Jun 25, 2020 #cases, #spook
IMF forecasts deeper global downturn, rising COVID-19 cases spook investors

Global stock markets tumbled overnight and oil prices slumped, as investors were spooked by rising coronavirus cases.

The falls came as the International Monetary Fund (IMF) forecast a deeper and longer global downturn than previously expected.

The IMF downgraded its forecasts and now expects the world economy to shrink by 4.9 per cent in 2020, compared to its previous for

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