BUSINESS IMF says China is expected to record economic growth in 2020

BUSINESS

IMF says China is expected to record economic growth in 2020

CGTN

08:46, October 14, 2020

Photo: CGTN

The International Monetary Fund (IMF) on Tuesday projected the global economy would contract by 4.4% in 2020, 0.8 percentage point above the June forecast, according to its latest World Economic Outlook (WEO) report.

The IMF also warns of a “long, uneven and uncertain” recovery from a worldwide recession sparked by the coronavirus pandemic.

China is expected to grow by 1.9%, the only major economy that could see growth this year.

In an exclusive interview, CGTN’s Yin Yue spoke to Gita Gopinath, Chief Economist, IMF about the global GDP and what China’s positive GDP growth in 2020 means for the global economy.


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