IMF revises its forecast for global growth to 4.4 pct in wake of COVID-19 pandemic

The International Monetary Fund is forecasting a somewhat less severe recession than it predicted in June. In its latest report, the IMF revised its forecast for global growth to negative 4.4 percent this year. A less severe contraction than the negative 5.2 percent it had forecast in June, but still on track for the worst performance since the Great Depression.