KARACHI: The global economy is heading for a recession with GDP projected to shrink 3.8 per cent in 2020, substantially worse than the 0.4pc contraction during the 2009 global financial crisis, the Institute of International Finance (IIF) said in its latest report. Contrary to the recovery in the aftermath of the 2009 global financial crisis, the recovery in the emerging …
Read More »World economy to shrink 3.8pc in 2020, says IIF
September 12, 2020