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World Already In Recession, Emerging Markets Need $2.5 Trillion: IMF Chief Kristalina Georgieva

World Already In Recession, Emerging Markets Need $2.5 Trillion

Washington: The coronavirus has already plunged the global economy into recession, International Monetary Fund (IMF) Managing Director Kristalina Georgieva said on Friday, adding immense pressure on emerging markets suffering from lost commerce, reduced exports and massive capital outflows. Ms Georgieva told a news conference that emerging market countries need at least …

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