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IMF Sees World in Worst Recession Since Great Depression

  • Fund sees partial recovery in 2021 if pandemic fades this year
  • IMF doubling emergency loan capacity to help developing world
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IMF Sees Global Economy in Worst Recession Since Great Depression
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The International Monetary Fund sees the world economy suffering its worst recession since the Great Depression this year, with emerging markets and low-income nations in Africa, Latin America and Asia at particularly high risk.