IMF steering committee warns of "long-lasting scars" on world economy

The policy-setting body of the International Monetary Fund on Thursday warned that the coronavirus pandemic could leave “long-lasting scars” on the global economy, such as through weaker productivity growth and heavier debt burdens.”A tentative global economic recovery is underway, supported by extraordinary macroeconomic policy responses. But the recovery is partial, uneven, and marked by significant uncertainty,” the International Monetary and Financial Committee said in a communique released after its meeting.The committee also urged increased participation from private creditors in a debt …

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HEDGE accordingly