In its release copied to the Ghana News Agency, it said this contraction would be much worse than during the 2008-09 financial downturn. "Effective policies are essential to forestall worse outcomes", the report read, urging governments to do their best to reduce the spread of the infection, to protect lives and to invest in "long-term human and economic health", especially by increasing spending on health care.
Targeted and sizeable fiscal support is critical to provide a safety net for the most affected households and businesses and create conditions for a rapid recovery, according the statement.
The IMF says it's important for countries to invest in their health systems and their workers during the lockdown, for a smoother transition after the pandemic ends.
The International Monetary Fund forecasts the coronavirus crisis to deal the Australian economy its biggest blow since the Great Depression of the 1930s, contracting 6.7 per cent this year - more than double the fall for the global economy.
In a statement, the IMFC reaffirmed its commitment to a strong, quota-based and adequately resourced Fund, and said the IMF should draw on relevant experience from previous crises as it explores options to expand resources.
The Fund added that a prolonged outbreak would test the ability of governments and central banks to control the crisis.
"The significant downward revision to the 2020 growth projection reflects large anticipated domestic disruptions to economic activity from Covid-19", the report says.
It expects global growth to rebound to 5.8% next year if the pandemic fades in the second half of 2020.
The PUNCH reports that the International Monetary Fund had on Monday announced the approval of immediate debt service relief to 25 of the IMF's member countries under the IMF's revamped Catastrophe Containment and Relief Trust as part of its response to help address the impact of the COVID-19 pandemic.
The country was put into lockdown on March 23 by the Government to deny coronavirus the opportunity to spread. Raab is deputizing for Prime Minister Boris Johnson, who is recuperating after contracting the virus.
"As I've said all along, we are going to rely on the science and public health experts to guide us through this challenge". Tony Evers has directed the Department of Health Services to extend the Safer at Home order for more than a month.
But if they are delayed, it is more likely that European club games would start after domestic seasons have finished. The primary priority of all the members of the working group is to preserve public health.
Rams offensive lineman Brian Allen , the first active player to test positive, confirmed his diagnosis on Wednesday. The NFL Network's Ian Rapoport first reported the news, confirming Miller's positive test through his agent.
L'interprète des chansons " Les Mots bleus " et " Aline ", Christophe , est décédé ce jeudi soir a annoncé sa famille. Elle et sa fille Lucie écrivent dans un communiqué: " Christophe est parti". " Christophe est parti.
According to the New York Post's Marc Berman, Dowse said they are "highly unlikely" to hold the tournament without fans. Dowse didn't seem excited by hosting the Open minus the noisy Flushing fans who made the event the jewel it is.
He said the latest assistance was in addition to more than $1 billion the government had already given in support to the industry. The schedules will commence tomorrow and run for a period of eight weeks, until June 7, 2020.
Fourteen new cases of COVID-19 in British Columbia over the past 24 hours, including two new cases in Northern Health. Province-wide, a total of 1,561 people have tested positive for the disease, Henry said, and 75 people have died.
Dr. Fauci: Baseball could resume if MLB does this
The Houston Rockets were 40-24 before the hiatus, which was tied with Oklahoma City for the No. 5 spot in the Western Conference. Surely, more than a month of no basketball has left James hungry to get back on the court with or without fans.
United States accuses Iran of 'dangerous' harassment of
The Iranian sailors only responded to bridge-to-bridge radio contacts after an hour of manoeuvring, and then moved away. That's according to the USA military, who called the moves "dangerous and provocative" on Wednesday (April 15).