Economic fallout from coronavirus pandemic ‘much worse than the global financial crisis,’ says IMF chief

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Photo: Reuters International Monetary Fund’s (IMF) managing director has said the coronavirus pandemic which has brought the global economy to a standstill and plunged the world into a recession as ?way worse? than the global financial crisis a decade ago. The IMF?s managing director, Kristalina Georgieva, speaking at a rare joint news conference with the leader of the World Health Organisation (WHO), called on advanced economies to step up their efforts to help emerging markets and developing countries survive the economic and health impact of the pandemic in “humanity?s darkest hour.?

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