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‘Clear that we have entered recession’: IMF chief amid global downturn

Video Credit: HT Digital Content - Duration: 02:33s - Published
‘Clear that we have entered recession’: IMF chief amid global downturn

‘Clear that we have entered recession’: IMF chief amid global downturn

IMF chief Kristalina Georgieva said the world has entered recession.

“It is clear that we have entered a recession” that will be worse than in 2009 following the global financial crisis, she said in an online press briefing.

With the worldwide economic “sudden stop,” Georgieva said the fund’s estimate “for the overall financial needs of emerging markets is $2.5 trillion.”

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IMF managing director says world has entered recession [Video]

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International Monetary Fund Managing Director Kristalina Georgieva in Washington, D.C. on Friday said "it is clear" that world has "entered a recession as bad or worse" than the global financial crisis..

Credit: Reuters Studio     Duration: 01:25Published