IMF´s Georgieva Says World In Recession, Urges Funds for Emerging-Market Nations
(WorldNews Pakistan)

International Monetary Fund (IMF) chief Kristalina Georgieva says the global economy has already been thrust into a recession because of the coronavirus pandemic and she urged countries to respond with `very massive` spending programs to avoid a flood of bankruptcies and debt defaults in emerging markets. Georgieva, a Bulgarian economist, told a news conference on March 27 that emerging-market countries will need at least $2.5 trillion in financial resources to get through the crisis created by...