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IMF projects world economy to take major hit due to coronavirus pandemic

IMF projects world economy to take major hit due to coronavirus pandemic

The International Monetary Fund (IMF) projected that the world economy will take a big hit due to the coronavirus pandemic, shrinking by 3% during 2020. The U.S. economy is projected to decline 6%. The IMF said that the beating that will be taken by the world economy will be the worst year since the Great Depression, during the 1930s.

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