Tag Archives: world Bank

G20 officials pledge to continue cooperating to boost global economy

RIAD / WASHINGTON (Reuters) – Finance officials from the Group of 20 major economies on Saturday pledged to continue to use “all available policy tools” to combat the coronavirus pandemic and strengthen the global economy, warning that the outlook remains highly uncertain . Saudi Finance Minister Mohammed al-Jadaan wears a …

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IMF Predicts Deeper Global Recession Due To Coronavirus Pandemic

WASHINGTON (Reuters) – The coronavirus pandemic has caused more extensive and profound damage to economic activity than previously thought, the International Monetary Fund said Wednesday, prompting the institution to further cut its global output forecasts by 2020. The IMF said it now expects 2020 global output to shrink by 4.9%, …

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