Coronavirus to cut global economy by 3 pct in 2020: IMF

The coronavirus pandemic is pushing the global economy into a deep recession this year, cutting world output by 3 percent, the International Monetary Fund (IMF) said on Tuesday. 

If the virus is contained and economies can begin operating again, 2021 should see a rebound of 5.8 percent, according to the IMF's latest World Economic Outlook. 

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