t time since the Great Depression, both the advanced economies and

Gita Gopinath, IMF chief economist and director newsvilla.org of the research department, said the recession to be experienced would be the worst since the Great Depression that occurred between 1929 and 1932 when the onnp.org advanced economies shrunk by 16%.

It is projected that the Nigerian economy will rebound by 2.4% in 2021.

“For the first time since the Great Depression, both the advanced economies and emerging and developing economies are panifol.com in a recession,” she said in a press briefing that marked the beginning of the April 2020 Spring meetings that is holding virtually.

“For 2020, growth in advanced economies is projected at -6%. Emerging markets and developing economies which typically have normal growth levels well above advanced economies are also projected to have negative growth of -1% and -2.2% if you exclude China.”


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