Coronavirus outbreak: IMF says global economy is in recession ‘way worse’ than global financial crisis

International Monetary Fund (IMF) managing director Kristalina Georgieva said Friday that the global economy has entered a recession as a result of the novel coronavirus and that the situation is “way worse than the global financial crisis.”

• IMF slashes Canada’s economic outlook, but boosts global growth forecast for 2021
• IMF warns of a second stock market correction after grim economic forecast
• Coronavirus: IMF sees worst global recession since 1930s, Canada’s economy to shrink 6.2%