IMF Expects ‘Worst Economic Fallout Since the Great Depression’

IMF Expects ‘Worst Economic Fallout Since the Great Depression’
The International Monetary Fund (IMF) logo is seen outside the headquarters building in Washington on Sept. 4, 2018. Yuri Gripas/Reuters
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The Managing Director of the International Monetary Fund (IMF), Kristalina Georgieva, said Thursday that her organization views the CCP virus crisis as the worst economic shock since the Great Depression of the 1930s.

“Today, we are confronted with a crisis like no other,” said Georgieva in a statement. “COVID-19 has disrupted our social and economic order at lightning speed and on a scale that we have not seen in living memory ... What was normal just a few weeks ago—going to school, going to work, being with family and friends—is now a huge risk.”