Covid-19: IMF chief says ‘It’s clear we have entered recession’

Covid-19: IMF chief says ‘It’s clear we have entered recession’

The coronavirus pandemic has driven the global economy into a downturn that will require massive funding to help developing nations, IMF chief Kristalina Georgieva said Friday.. "It is clear that we have entered a recession" that will be worse than in 2009 following the global financial crisis, she said in an online press briefing.. The UAE News publishes news related to the Middle East including GCC, Pakistan and India covering business, sports, entertainment, real estate, transport, automobiles, fashion, aviation, gold & forex rates..