Topline: The International Monetary Fund's Managing Director Kristalina Georgieva said in a briefing Thursday the agency is anticipating the worst economic fallout since the Great Depression
"We are still faced with extraordinary uncertainty about the depth and duration of this crisis," Georgieva said. "It is already clear, however, that global growth will turn sharply negative in 2020."
Expecting per capita income growth in 160 of its member countries three months ago, the IMF is now projecting negative income growth in 170 countries this year; about $100 billion in investments have been pulled from global markets, according to the agency, three times more than the '08 financial crisis.
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