IMF sees deeper recession this year - Brunei projected growth 1.3%, Asean -2%

Image from Borneo Bulletin/Asian News Network

BANDAR SERI BEGAWAN, June 30 (Borneo Bulletin/ANN): The International Monetary Fund (IMF) is projecting a deeper recession in 2020 and a slower recovery in 2021.

In its World Economic Outlook published last week, the Fund said the global output is projected to decline by 4.9 per cent this year, a 1.9 percentage point below its April forecast, followed by a partial recovery with a 5.4 per cent growth in 2021.