IMF Warns Coronavirus Will Hurt Global Economy ‘Way Worse’ Than 2008 Financial Crisis

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IMF Warns Coronavirus Will Hurt Global Economy ‘Way Worse’ Than 2008 Financial Crisis
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During a World Health Organization press conference today, Kristalina Georgieva, director of the International Monetary Fund, warned the economic fallout from coronavirus is already “way worse than the global financial crisis of 2008” by skleb1234

During a World Health Organization press conference on Friday, Kristalina Georgieva, director of the International Monetary Fund, warned the economic fallout from coronavirus is already “way worse than the global financial crisis of 2008.”—roughly four billion people—currently on lockdown or under some form of stay-at-home orders due to the coronavirus pandemic, the dive in business activity has created an economic crisis “like no other,” the IMF director warned on Friday.

She described the current crisis as “humanity’s darkest hour” in her lifetime, as it poses a “big threat to the whole world and it requires us to stand united.”

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