IMF: this year should prepare for a serious recession

The IMF does not expect the global economy to grow this year. As stated head of the foundation Kristalina Georgieva, the world is facing a recession, the scale of which is similar or even surpasses the world financial crisis. The exact numbers of possible losses were not voiced. Next year, according to the fund, the economy will recover, reports the Prime agency. Morgan Stanley believes that the GDP of the United States in the next months (April - July) can be reduced by 30% compared to the same period last year. Writes about it The Wall Street Journal. Meanwhile, experts note that the S&P stock index 500 amid the coronavirus pandemic has already lost all growth, recruited by him during the presidency of Donald Trump. Yesterday he reached 2,226.16 points, which is below the minimum level of January 2017 year - the time of his inauguration. Last week this index dropped below November 2017 - the period of his victory in elections. At the end of yesterday, the S & amp; P 500 closed at 2,237.40 points, losing 2.93%, Dow Jones fell 3.04%, NASDAQ - by 0.27%.