The global economic outlook has darkened further since the IMF forecast last month that it would suffer the worst blow since the 1930s as a result of the coronavirus crisis, according to its managing director Kristalina Georgieva.
The fund will next month publish downward revisions to its global economic forecasts, reflecting the fact that the virus had spread further and the economic impact had intensified in recent weeks, Ms Georgieva said on Tuesday.
In mid-April the IMF forecast a contraction of 3 per cent in global output, with emerging and developing economies contracting 1 per cent and advanced economies 6.1 per cent over the course of this year.
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