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  • Economics / Markets

Cost of pandemic could reach $28trn, IMF warns

Worst crisis since Great Recession

Global growth is expected to gradually slow to about 3.5% into the medium term
Global growth is expected to gradually slow to about 3.5% into the medium term
  • Stephen Little
  • 14 October 2020
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The International Monetary Fund (IMF) is forecasting a less severe global recession than in June but has warned the cost of the pandemic could be as high as $28trn.

Gita Gopinath, the IMF's chief economist, described the coronavirus pandemic as the worst crisis as the worst seen since the Great Depression. "This crisis will likely leave scars well into the medium...

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