Coronavirus crisis: International Monetary Fund forecasts Australian economy will contract 6.7 per cent

17 Avril, 2020, 09:25 | Auteur: Anatole Charbonneau
  • IMF world economic outlook projections

Foreign Minister Shah Mehmood Qureshi on Thursday confirmed that the International Monetary Fund (IMF) has chose to give a one-year relief to Islamabad as the country grappled with coronavirus pandemic.

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.

Michael Jordan Believes He Comes Across Horribly In "The Last Dance"
Jordan shared what happened during an appearance on Good Morning America and recounted Krause had informed ... lead an 82-0 not to year, poorly his was his on lay (the the 1:30 mark). "When footage [me Burrell], you're that I'm guy", Hehir. "So the was - it way".

7 more fatalities from coronavirus confirmed in South Africa
The tweet reads: "Unfortunately, Lagos recorded three additional deaths from COVID-19 related complications". Allison did not comment on what may have led to the spike of deaths at the nursing home .

Une femme ayant accouché en coma artificiel rencontre enfin son bébé
Son état se serait cependant dégradé, contraignant les médecins à organiser une césarienne d'urgence, rapportent les médias. Yanira Soriano, atteinte du coronavirus , était à huit mois de grossesse au moment de son hospitalisation.

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.



Les États-Unis enregistrent 1509 morts en 24 heures
Au total, le 4e Etat le plus peuplé du pays déplore 10 834 décès depuis le début de l'épidémie . Selon cette dernière, 30 990 personnes sont mortes dans le pays depuis la début de la pandémie.

South Korea ruling party wins parliamentary majority
The conservative opposition United Future party and its smaller sister party won 103 seats. Officials screened out those with high temperatures so that they could vote separately.

Ivanka Trump ignores White House guidelines against discretionary travel
Days later, Ivanka Trump traveled from Washington , D.C., to her father's golf club in Bedminster, N.J. She was accompanied by her husband, Jared Kushner , and their three children.

Potentially Habitable Earth-Sized Exoplanet Spotted In The Kepler Reject Pile
Known as the transit method, it's biased towards finding giant exoplanets that lie close to their parent stars. Rocky planets orbiting red dwarfs are of particular astrobiological interest.

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.

Gilead gains on report claiming COVID-19 drug effectiveness
Stock for Gilead Sciences shot up more than 10 percent shortly after the report was published. Mullane didn't immediately respond to a request for comment.

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).

Caesars Sportsbook reveals New York Jets’ over/under win total for 2020
William Hill, meanwhile, has New England at nine wins in 2020 and DraftKings has the team at 9.5 wins. This team will show just how good Belichick and his staff are, compared to some of the other staffs.

Sanders Suggests Former Press Secretary Is ‘Irresponsible’ for Not Endorsing Biden
But on Wednesday she backed Mr Biden as someone she said she believed could restore America's faith in goodness. He's decided that he doesn't have the right to make the call for the country.

Why Nigeria didn’t benefit from recent International Monetary Fund debt relief ― Ahmed
Many have also been rocked by plunging commodity prices. "It is true Nigeria is not a beneficiary of recent International Monetary Fund debt relief for 25 countries", she wrote.