Forbes April 3, 2020
Topline: During a World Health Organization press conference on Friday, Kristalina Georgieva, director of the International Monetary Fund, warned the economic fallout from coronavirus is already “way worse than the global financial crisis of 2008.”
- With over half the globe—roughly four billion people—currently on lockdown or under some form of stay-at-home orders due to the coronavirus pandemic, the dive in business activity has created an economic crisis “like no other,” the IMF director warned on Friday.
- “Never in the history of the IMF have we witnessed the world economy come to a standstill,” Georgieva said. During the 2008 financial crisis, the global economy lost more than $2 trillion in value, a drop of nearly 4% from where it was...
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