{"id":10098,"date":"2020-10-14T13:27:07","date_gmt":"2020-10-14T13:27:07","guid":{"rendered":"https:\/\/earlypostdaily.com\/?p=10098"},"modified":"2020-10-14T13:27:08","modified_gmt":"2020-10-14T13:27:08","slug":"imf-revises-its-forecast-for-global-growth-to-4-4-pct-in-wake-of-covid-19-pandemic","status":"publish","type":"post","link":"https:\/\/earlypostdaily.com\/index.php\/2020\/10\/14\/imf-revises-its-forecast-for-global-growth-to-4-4-pct-in-wake-of-covid-19-pandemic\/","title":{"rendered":"IMF revises its forecast for global growth to 4.4 pct in wake of COVID-19 pandemic"},"content":{"rendered":"\n<p class=\"wp-block-paragraph\">The International Monetary Fund is forecasting a somewhat less severe recession than it predicted in June. In its latest report, the IMF revised its forecast for global growth to negative 4.4 percent this year. A less severe contraction than the negative 5.2 percent it had forecast in June, but still on track for the worst performance since the Great Depression.\u00a0<br><br>Next year&#8217;s world downgrade is less than this year&#8217;s upgrade. In its latest World Economic Outlook report, the IMF has said, the global economy is still in deep recession and the risk of a worse outcome than in its new forecast is sizable.\u00a0 IMF chief economist Gita Gopinath in a foreword to the report, said, unprecedented fiscal, monetary, and regulatory responses to the crisis had kept economies from plunging deeper into recession.<br><br>However, she warned that the ascent out of this calamity is likely to be long, uneven, and highly uncertain. Employment remains well below pre-pandemic levels and the labour market has become more polarised with low-income workers, youth, and women being harder hit, the IMF chief economist added.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The International Monetary Fund is forecasting a somewhat less severe recession than it predicted in June. In its latest report, the IMF revised its forecast for&hellip;<\/p>\n","protected":false},"author":4,"featured_media":10099,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[29,54,28],"tags":[],"class_list":["post-10098","post","has-post-thumbnail","category-jammu","category-latest-news","category-local-news"],"_links":{"self":[{"href":"https:\/\/earlypostdaily.com\/index.php\/wp-json\/wp\/v2\/posts\/10098","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/earlypostdaily.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/earlypostdaily.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/earlypostdaily.com\/index.php\/wp-json\/wp\/v2\/users\/4"}],"replies":[{"embeddable":true,"href":"https:\/\/earlypostdaily.com\/index.php\/wp-json\/wp\/v2\/comments?post=10098"}],"version-history":[{"count":0,"href":"https:\/\/earlypostdaily.com\/index.php\/wp-json\/wp\/v2\/posts\/10098\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/earlypostdaily.com\/index.php\/wp-json\/wp\/v2\/media\/10099"}],"wp:attachment":[{"href":"https:\/\/earlypostdaily.com\/index.php\/wp-json\/wp\/v2\/media?parent=10098"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/earlypostdaily.com\/index.php\/wp-json\/wp\/v2\/categories?post=10098"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/earlypostdaily.com\/index.php\/wp-json\/wp\/v2\/tags?post=10098"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}