{"id":216456,"date":"2020-03-28T12:07:26","date_gmt":"2020-03-28T12:07:26","guid":{"rendered":"http:\/\/151.106.38.4\/2020\/03\/28\/it-is-clear-world-in-recession-says-imf-chief\/"},"modified":"2020-03-28T12:07:26","modified_gmt":"2020-03-28T12:07:26","slug":"it-is-clear-world-in-recession-says-imf-chief","status":"publish","type":"post","link":"https:\/\/nagalandpost.net\/index.php\/2020\/03\/28\/it-is-clear-world-in-recession-says-imf-chief\/","title":{"rendered":"It is clear world in recession, says IMF chief"},"content":{"rendered":"<p><img src=\/old_site\/2020_3$large_icehasd.jpg><\/p>\n<p>The coronavirus has taken the world economy to a recession which will be as bad or worse than the financial meltdown of 2009, IMF chief Kristalina Georgieva said Friday.<\/p>\n<div>&ldquo;It is clear that we have entered a recession, as bad or worse than 2009,&rdquo; she said in an online press briefing.<\/div>\n<div>Georgieva said that a key concern of the &ldquo;sudden stop&rdquo; of the world economy is a wave of bankruptcies and layoffs that can not only undermine the recovery but can erode the fabric of our society.<\/div>\n<div>For the emerging markets, she said the fund&rsquo;s estimates financial need of about $2.5 trillion to come of the current crisis. But she warned that the estimate is on the lower side.&nbsp;<\/div>\n<div>Over 80 countries already have requested emergency aid from the International Monetary Fund.<\/div>\n<div>The IMF chief said that though in recession, a recovery is very much possible in 2021 if the virus is contained across the globe.<\/div>\n<div>&ldquo;We do project a recovery in 2021. In fact, there may be a sizeable rebound but only if we succeed in containing the virus everywhere and prevent liquidity problems from becoming a solvency issue,&rdquo; Georgieva said.<\/div>\n<div>&nbsp;<\/div>\n","protected":false},"excerpt":{"rendered":"<p>It is clear world in recession, says IMF chief<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[667],"tags":[],"class_list":["post-216456","post","type-post","status-publish","format-standard","category-business"],"_links":{"self":[{"href":"https:\/\/nagalandpost.net\/index.php\/wp-json\/wp\/v2\/posts\/216456","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/nagalandpost.net\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/nagalandpost.net\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/nagalandpost.net\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/nagalandpost.net\/index.php\/wp-json\/wp\/v2\/comments?post=216456"}],"version-history":[{"count":0,"href":"https:\/\/nagalandpost.net\/index.php\/wp-json\/wp\/v2\/posts\/216456\/revisions"}],"wp:attachment":[{"href":"https:\/\/nagalandpost.net\/index.php\/wp-json\/wp\/v2\/media?parent=216456"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/nagalandpost.net\/index.php\/wp-json\/wp\/v2\/categories?post=216456"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/nagalandpost.net\/index.php\/wp-json\/wp\/v2\/tags?post=216456"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}