The International Monetary Fund (IMF) has announced that the world has clearly entered a recession due to the coronavirus pandemic. It has emphasized that the current recession is even worse than that of 2009. The statements about the world economy were made after the meeting of governing body of the IMF, the International Monetary and Financial Committee.
Click Here To Get Test Series For SBI PO 2020
The International Monetary Fund has also projected a recovery in the next financial year i.e. 2021. The recovery from the recession will be possible if the international community contains the virus everywhere successfully and prevent the liquidity problems from becoming a solvency issue.
Important takeaways for all competitive exams:
Rivers are very important for life, providing water for drinking, farming, and transportation. Some rivers…
Electronic Data Processing (EDP) means using computers to handle information automatically. It allows organizations to…
Some cities in the world have unique nicknames based on their weather, history or appearance.…
There are many tall and beautiful mountains in the world, each with its own special…
There is a famous city in South Africa that is known for its rich history…
Senior politician and former Union Minister Suresh Kalmadi passed away in Pune at the age…