IMF Says 'the Great Lockdown' Is Likely to Cause Worst Recession Since 1930s

IMF Says 'the Great Lockdown' <br />Is Likely to Cause Worst Recession<br /> Since 1930s The International Monetary Fund (IMF) <br />made the statement on Tuesday<br />in its World Economic Outlook report. Gita Gopinath, IMF, <br />via CNBC The IMF predicts the global economy <br />will shrink by three percent this year. In January, it had <br />predicted a 3.3 percent expansion. Gita Gopinath, IMF, <br />via CNBC Gita Gopinath, IMF, <br />via CNBC The World Trade Organization <br />has also predicted a trade reduction <br />of between 13 and 32 percent for 2020. The IMF has dubbed the <br />economic crisis caused by the <br />coronavirus pandemic "the Great Lockdown."