The outlook for the global economy has improved amid evidence that trade picked up faster than expected from coronavirus-triggered disruptions, with U.S. imports of consumer goods reaching pre-pandemic levels at the end of the summer. International Monetary Fund Managing Director Kristalina Georgieva, in a Tuesday speech ahead of annual IMF and World Bank meetings next week, said the global economy won’t contract this year as much as the IMF projected in June.

Source: Wall Street Journal October 06, 2020 12:50 UTC