Clear we have entered recession, says IMF chief
Updated : March 27, 2020 10:41 PM IST
"It is clear that we have entered a recession" that will be worse than in 2009 following the global financial crisis," she said in an online press briefing.
With the worldwide economic "sudden stop," Georgieva said the fund's estimate "for the overall financial needs of emerging markets is $2.5 trillion."
She also welcomed the $2.2 trillion economic package approved by the US Senate.