World economy may not recover until 2025 – Ukraine’s representative to the IMF

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The economic impact of world coronavirus curbs will be felt until 2025, Vladyslav Rashkovan, Ukraine’s representative to the IMF, said in a video conference organized by Deloitte.

Referring to the IMF’s semi-annual world economic outlook he said that in three months, the IMF’s global economic outlook had flipped: from 3% growth in January to 3% contraction in April.

“This is a super-serious change in such a short period,” he said. “In fact, this makes the crisis the worst recession since the Great Depression, and much worse than the global crisis of 2008.”

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