IMF chief says its forecast that 170 global economies will shrink may be too optimistic
The IMF’s projection of global GDP decline by 3% may be too optimistic, Kristalina Georgieva has warned. The coronavirus pandemic is set to leave 170 countries with lower GDP per capita by the end of the year. This is likely to have profound effect on debt markets and sovereign debt in particular. The IMF is ready to provide more liquidity to emerging and developing economies, however, there will be strings attached. Further the appropriateness of government spending would be hugely challenging as both corruption and mismanagement may hamper centralized efforts to kick-start a complex system as a national economy. Deriveum is uniquely positioned to answer the needs of the public and private sector by providing certainty of CDS execution.
For more information on the IMF expectations, please check the link below
