As part of our partnership with Forbes magazine, read an opinion piece by Julien Moussavi, economist at BSI Economics, who discusses the recession highlighted by the IMF in the current context of the coronavirus crisis and the risk it poses to public debt.
October is the month when the International Monetary Fund (IMF) publishes its famous World Economic Outlook (WEO). This year, more than any other, the focus will be on the coronavirus crisis. Growth is plummeting. The IMF, through its chief economist Gita Gopinath, is warning against rising government spending and debt reaching historic highs. The coronavirus crisis is expected to cost more than $12 trillion (nearly 15% of global GDP), or more than €10 trillion.
Click here to read the opinion piece.
Photo credit: Forbes (2020)
