The International Monetary Fund (IMF) warned the world economy ’s recovery may be fading as the resurgence of the coronavirus forces fresh restrictions to be imposed on households and companies. It previously began a rapid recovery in May that petered out at about 80% of its normal level in July. In Europe, a massive recovery fund is at risk because of disagreements over conditions. The IMF last month warned that the world economy still faces an uneven recovery until the virus is tamed. Georgieva encouraged G-20 nations to prepare synchronized infrastructure investments once the virus is better controlled, saying that new IMF research shows large economic gains from such spending.

Source: Mint November 19, 2020 13:30 UTC