IMF forecasts a global recession in 2020 and recovery in 2021….

It is a no brainer…with so many countries in lock-down and shutting down flight capacities, the ripple effect will certainly result in a recession.

The question is how severe it is. Will the world economy recover in 2021? I think the optimism is probably coming from what we are seeing in China after they managed to contain the virus.

But things have changed. The way people work and live their lives are now different. And the impact this created is quite different from the 2008/9 global recession. I think it may be worst and it may take much longer before things recover…..check out this article and see if you agree with their views…

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