This is the IMF’s latest take on the economy in 2020

This is the IMF’s latest take on the economy in 2020

Climate change is already having an impact on the global economy.. Despite the note of optimism, significant risks remain.. Overall, the IMF points out that downside risks remain prominent, and warns there could be a rapid shift in financial sentiment, if those risks become a reality.. Climate change poses an urgent threat demanding decisive action.. In order to minimize these risks, the IMF has some specific policy recommendations.. It calls for stronger multilateral cooperation, especially in the areas of trade, cybersecurity and the effort to curb climate change.. The views expressed in this article are those of the author alone and not the World Economic Forum..