The Family Firm Blog

The global economy is expected to contract by 3% in 2020.

Posted by Nate Gendelman on 5/22/20 4:36 PM
Nate Gendelman

New reports from the IMF makes for grim reading.
The global economy is expected to contract by 3% in 2020.
Perhaps even scarier is the accumulation of unprecedented debts. The world's fiscal debt level will climb from 83% of GDP to 96%. The situation is even worse for developed countries as governmental debt will reach 122% of GDP.