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COVID-19: IMF warns of bankruptcies, firms closures


COVID-19: IMF warns of bankruptcies, firms closures
On
By Emma Ujah
The International Monetary Fund, IMF, has warned of bankruptcies and closures of firms, unless policy makers adopt measures to keep businesses afloat, across the globe, in the face of the COVID-19 pandemic.
Mr. Malhar Nabar, who heads the team that produces the World Economic Outlook in the Research Department of the IMF said, in a podcast, that risks of failed businesses would persist ,as long as, the pandemic remained unabated, unless governments in various countries, and global bodies worked together to make firms liquid and keep workers on their jobs. “There is a risk that we might see firms that are in illiquid situations, forced into closures, and we see a spike in the exit of firms,” he said, in the podcast moderated by Bruce Edwards. ....

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Evidence Of Normalisation Of Economic Activity In India: IMF Chief Economist Gita Gopinath


Evidence Of Normalisation Of Economic Activity In India: IMF Chief Economist Gita Gopinath
On Tuesday, the IMF predicted an impressive 12.5 per cent growth rate for India in 2021, stronger than that of China, the only major economy to have a positive growth rate last year during the Covid-19 pandemic.
File Photo
Outlook Web Bureau
2021-04-07T09:12:17+05:30
Evidence Of Normalisation Of Economic Activity In India: IMF Chief Economist Gita Gopinath
outlookindia.com
2021-04-07T09:45:50+05:30
The chief economist of the International Monetary Fund on Wednesday said that there is evidence of normalisation of economic activities in India. The evidence we were getting in the last couple of months in terms of the normalisation of economic activity, IMF s chief economist Gita Gopinath said ahead of the annual spring meeting of the IMF and the World Bank. ....

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Evidence Of Normalisation Of India's Economic Activity: IMF Chief Economist Gita Gopinath


Compared to previous projections, the change in 2021 forecast is pretty small, Gita Gopinath noted
Washington:
There is evidence of normalisation of economic activities in India, IMF Chief Economist Gita Gopinath has said ahead of the annual spring meeting of the International Monetary Fund and the World Bank.
On Tuesday, the IMF projected an impressive 12.5 per cent growth rate for India in 2021, stronger than that of China, the only major economy to have a positive growth rate last year during the COVID-19 pandemic.
The evidence we were getting in the last couple of months in terms of the normalisation of economic activity, Ms Gopinath said ahead of the annual spring meeting of the IMF and the World Bank. ....

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