IMF warns of permanent economic damage from Covid-19

Gita Gopinath
IMF Staff Photograph/Stephen Jaffe

The global economy is on a “long and difficult ascent” after the crisis brought on by Covid-19, but most economies worldwide are likely to have been permanently damaged, the International Monetary Fund says.

The economic shock has caused a permanent loss of output “pretty much everywhere”, IMF chief economist Gita Gopinath said today (October 13). This is a “serious setback to improvements in average living standards”.

Gopinath was presenting the main findings of the IMF’s latest World

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact [email protected] or view our subscription options here: http://subscriptions.centralbanking.com/subscribe

You are currently unable to copy this content. Please contact [email protected] to find out more.

To continue reading...

You need to sign in to use this feature. If you don’t have a Central Banking account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account here: