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IMF Says COVID-19 Could Lead To Serious Economic Consequences

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– The IMF has expressed fears over the impact of the coronavirus on countries all over the world

– Its report shows that some measures have been outlined by emerging market economies to deal with COVID-19

– The IMF added that inadequate policy space may compel some countries to resort to unorthodox measures

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The International Monetary Fund (IMF) is of the view that the outbreak of the coronavirus could hurt lives and have dire economic effects on countries all over the world.

It added that despite measures implemented to deal with the pandemic, emerging market economies show signs of considerable uncertainty.

In its June World Economic Outlook update, the IMF revealed that a number of emerging market economies such as South Africa eased monetary policy.

IMF says COVID-19 could lead to serious economic consequences in future

Kristalina Georgieva, Managing Director of the IMF.Source:
Source: UGC

The IMF added that these economies have relaxed their …

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