{"id":41592,"date":"2020-06-26T11:29:28","date_gmt":"2020-06-26T11:29:28","guid":{"rendered":"https:\/\/new.igihe.com\/imf-predicts-global-economy-downturn\/"},"modified":"2020-06-30T13:45:22","modified_gmt":"2020-06-30T13:45:22","slug":"imf-predicts-global-economy-downturn","status":"publish","type":"post","link":"https:\/\/new.igihe.com\/english\/imf-predicts-global-economy-downturn\/","title":{"rendered":"IMF predicts global economy downturn"},"content":{"rendered":"<p>The world economy is projected to shrink to 4.9% below zero in 2020, at a rate of less than 1.9% below zero compared to the IMF&#8217;s standstill in April and economic recovery will not be slow.<\/p>\n<p>Gita Gopinath, Chief Economist at the IMF, said that compared to the April forecast, it shows a slowdown in the economy in 2020, and will continue in 2021.<\/p>\n<p>She went on to say that the world economy in two years will lose $ 12 billion due to Coronavirus.<\/p>\n<p>The World Bank released a report this month stating that global gross domestic product by 2020 will fall to 5.2% below zero. Developed countries will be reduced by 7% below zero; of the European Union using the euro will fall by 9.1% below zero.<\/p>\n<p>U.S. gross domestic product will fall 6.1% below zero; the Japanese down 6.1% below zero; the Chinese reach a rate of 1% above zero. Sub-Saharan Africa&#8217;s gross domestic product will fall by 5% below zero.<\/p>\n<figure class=\"spip-document spip-document-35982 aligncenter\"><img decoding=\"async\" src=\"https:\/\/en-images.igihe.com\/jpg\/i-9.jpg\" alt=\"IMF predicts that the global economy will slow sharply in 2020\" \/><\/figure>\n","protected":false},"excerpt":{"rendered":"<p>International Monetary Fund (IMF) has forecast a slowdown in global economic growth due to the effects of the Coronavirus pandemic, warning that there will be a surge in debt in both developed and developing countries.<\/p>\n","protected":false},"author":103,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[6],"tags":[101],"byline":[204],"hashtag":[],"class_list":["post-41592","post","type-post","status-publish","format-standard","hentry","category-news","tag-internationl","byline-elina-jonas-ruzindaza"],"bylines":[{"id":204,"name":"Elina Jonas Ruzindaza","slug":"elina-jonas-ruzindaza","description":"","image":{"id":0,"url":"https:\/\/secure.gravatar.com\/avatar\/?s=96&d=mm&f=y&r=g","alt":"Default avatar","title":"Default avatar","caption":"","mime_type":"image\/jpeg","sizes":[]},"user_id":103}],"contributors":[{"id":204,"name":"Elina Jonas Ruzindaza","slug":"elina-jonas-ruzindaza","description":"","image":{"id":0,"url":"https:\/\/secure.gravatar.com\/avatar\/?s=96&d=mm&f=y&r=g","alt":"Default avatar","title":"Default avatar","caption":"","mime_type":"image\/jpeg","sizes":[]},"user_id":103}],"featured_image":null,"_links":{"self":[{"href":"https:\/\/new.igihe.com\/english\/wp-json\/wp\/v2\/posts\/41592","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/new.igihe.com\/english\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/new.igihe.com\/english\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/new.igihe.com\/english\/wp-json\/wp\/v2\/users\/103"}],"replies":[{"embeddable":true,"href":"https:\/\/new.igihe.com\/english\/wp-json\/wp\/v2\/comments?post=41592"}],"version-history":[{"count":0,"href":"https:\/\/new.igihe.com\/english\/wp-json\/wp\/v2\/posts\/41592\/revisions"}],"wp:attachment":[{"href":"https:\/\/new.igihe.com\/english\/wp-json\/wp\/v2\/media?parent=41592"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/new.igihe.com\/english\/wp-json\/wp\/v2\/categories?post=41592"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/new.igihe.com\/english\/wp-json\/wp\/v2\/tags?post=41592"},{"taxonomy":"byline","embeddable":true,"href":"https:\/\/new.igihe.com\/english\/wp-json\/wp\/v2\/byline?post=41592"},{"taxonomy":"hashtag","embeddable":true,"href":"https:\/\/new.igihe.com\/english\/wp-json\/wp\/v2\/hashtag?post=41592"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}