The IMF named the condition for the completion of the corona crisis

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The IMF named the condition for the completion of the corona crisis

10.09.2020 News

The world economy is on the road to recovery amid the pandemic COVID-19, however, the final completion of the corona crisis is possible only in the case of mass use of the vaccine. This was stated by IMF chief Kristalina Georgieva and Chief Economist of Fund Gita Gopinath in their joint paper of the magazine Foreign Policy, published on Wednesday, September 9.

“Although the world has learned to live with the virus, complete recovery is unlikely without a final medical solution to this problem”, – stated in the article.

At the same time, Georgieva and Gopinath highlighted that the current crisis is far from completion.

“Recovery remains extremely volatile and uneven in the regions. <...> To ensure long-term recovery, it is important not to stop providing prematurely support,” they added.

The Foundation also predicted that many businesses around the world would need financial assistance to save jobs.

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