Global economy has entered recession amid coronavirus pandemic: IMF

The International Monetary Fund said Friday that the global economy has fallen into a recession, with economic and social activities increasingly curtailed in many countries in an effort to contain the spread of the coronavirus pandemic."It is now clear that we have entered a recession as bad or worse" than that seen in the aftermath of the 2008 global financial crisis, IMF chief Kristalina Georgieva said at a press conference.But she said a recovery is projected in 2021, and that it may be "a sizable rebound" if countries succeed with fully containing the virus and prevent liquidity proble…READ FULL ARTICLE