IMF declares Global Recession

The IMF(international monetary fund) has declared a global recession, and one that is worse than the 2008-2009 crisis by several fold. Both emerging economies and advanced economies are suffering and having negative growth behind this with advanced economies shrinking at twice the rate of 2008-2009. This is the worst we’ve had it since 1929 although Goldman Sachs says we should bounce back pretty fast.

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