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IMF: ‘Pessimistic’ Economic Outlook Will Get Worse Before it Gets Better

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The global economies will plumb darker depths this year before any green shoots emerge, and even a partial recovery won’t set in until 2021. “With the crisis still spreading, incoming economic data is worse than our already pessimistic projection,” Kristalina Georgieva, managing director of the International Monetary Fund, said Tuesday of the global coronavirus pandemic…

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