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The #IMF says the "Great Lockdown" recession will likely be the worst since the Great Depression. Global economy projected to shrink by 3% in 2020. By contrast, in January, the IMF had forecast a global GDP expansion of 3.3% for this year. Details in chart below. Table: @IMFNews
IMF: Partial global rebound to 5.8% in 2021 “assumes the #pandemic fades in the 2nd half of 2020, & that policy actions taken by countries are effective in preventing widespread firm bankruptcies, extended job losses, & system-wide financial strains.” #WEO http://ow.ly/ZLYi50zccSJ
How does your country fare in the latest #IMF projections for 2020 & 2021? https://www.imf.org/~/media/Files/Publications/WEO/2020/April/English/StatsAppendixA.ashx?la=en @IMFNews #economies #GDP #finance
#Perspective. It’s not all negative…
#IMF projects 2020 economic (GDP) growth rates of:
#Bhutan 2.7%
#Vietnam 2.7
#Bangladesh 2.0
#India 1.9
#China 1.2
#Philippines 0.6
#Indonesia 0.5
But here & elsewhere a lot of pain behind the numbers. @IMFNews #WEO
#IMF projects 2020 economic (GDP) growth rates of:
#Bhutan 2.7% #Vietnam 2.7 #Bangladesh 2.0 #India 1.9 #China 1.2 #Philippines 0.6 #Indonesia 0.5But here & elsewhere a lot of pain behind the numbers. @IMFNews #WEO
Today’s revised 
GDP 2020 projections by #IMF for #SoutheastAsia as #Covid19 impact spreads in #ASEAN:
#Vietnam 2.7
#Myanmar
1.8
#Brunei
1.3
#Laos
0.7
#Philippines 0.6
#Indonesia 0.5
#Cambodia
-1.6
#Malaysia
-1.7
#Singapore
-3.5
#Thailand
-6.7
GDP 2020 projections by #IMF for #SoutheastAsia as #Covid19 impact spreads in #ASEAN:#Vietnam
2.7#Myanmar
1.8#Brunei
1.3#Laos
0.7#Philippines
0.6#Indonesia
0.5#Cambodia
-1.6#Malaysia
-1.7#Singapore
-3.5#Thailand
-6.7
Whoa. The #IMF projects 2020 Real GDP change for #Macau / #Macao 
of:
-29.6
@IMFNews #WEO #IMFMeetings
vs 
=
#StaySafeStayHome #WeShallOvercome
of: -29.6
@IMFNews #WEO #IMFMeetings
vs =#StaySafeStayHome #WeShallOvercome
And here’s what the #IMF said about South Asia as #covid19 hits #SAARC region: projected 2020 Real GDP change from 2019:
#Bhutan 2.7
#Nepal
2.5
#Bangladesh 2.0
#India 1.9
#SriLanka
-0.5
#Pakistan
-1.5
#Maldives
-8.1
#Afghanistan
-3.0
#StrongerTogether
#Bhutan
2.7#Nepal
2.5#Bangladesh
2.0#India
1.9 #SriLanka
-0.5#Pakistan
-1.5#Maldives
-8.1#Afghanistan
-3.0 #StrongerTogether
#WhatISaid on #CNA938 of
2020 #IMF projections
:
1. Important to go beyond numbers &understand real impact on real people of pandemic
2. Pandemic has underscored •need for greater transparency/ coordination
•enduring challenge of inequality/inequity
https://twitter.com/curtisschin/status/1250209206759829508?s=21
2020 #IMF projections
:1. Important to go beyond numbers &understand real impact on real people of pandemic
2. Pandemic has underscored •need for greater transparency/ coordination
•enduring challenge of inequality/inequity
https://twitter.com/curtisschin/status/1250209206759829508?s=21
Chart : DYK For the first time since the #GreatDepression, both advanced economies, & emerging markets & developing economies, are “in recession.” So said #IMF chief economist @GitaGopinath at the release of the World Economic Outlook—April 2020. #WEO 
http://ow.ly/ZLYi50zccSJ
: DYK For the first time since the #GreatDepression, both advanced economies, & emerging markets & developing economies, are “in recession.” So said #IMF chief economist @GitaGopinath at the release of the World Economic Outlook—April 2020. #WEO http://ow.ly/ZLYi50zccSJ
#IMF revised Real GDP 2020 projections for #EastAsia as the impact of #Covid19 spreads in #Asia-Pacific:
#China 1.2%
#Mongolia
-1.0
#SouthKorea
-1.2
#Taiwan
-4.0
#HongKong
-4.8
#Japan
-5.2
#Macau -29.6
#NorthKorea
NA
(annual % change)
#pandemic
Real GDP 2020 projections for #EastAsia as the impact of #Covid19 spreads in #Asia-Pacific:#China
1.2%#Mongolia
-1.0#SouthKorea
-1.2#Taiwan
-4.0#HongKong
-4.8#Japan
-5.2#Macau
-29.6#NorthKorea
NA(annual % change)
#pandemic
On a more positive note:
The #IMF says in 2021—after the #GreatLockdown recession—the global economy is projected to grow by 5.8% over 2020, comprised of:
— for advanced economies: 4.5%
— for emerging markets & developing economies: 6.6%
Details in chart below. Table: @IMFNews
The #IMF says in 2021—after the #GreatLockdown recession—the global economy is projected to grow by 5.8% over 2020, comprised of:
— for advanced economies: 4.5%
— for emerging markets & developing economies: 6.6%
Details in chart below. Table: @IMFNews
#Oceania: #IMF 2020 GDP change?
#Kiribati
0.0
#MarshallIslands
-0.2
#Micronesia
-0.4
#PNG
-1.0
#Tuvalu
-1.0
#Tonga
-1.2
#Nauru
-1.7
#SolomonIslands
-2.1
#Vanuatu
-3.3
#Samoa
-3.7
#Fiji
-5.8
#Australia
-6.7
#NewZealand
-7.2
#Palau
-11.9
#Kiribati
0.0#MarshallIslands
-0.2#Micronesia
-0.4#PNG
-1.0#Tuvalu
-1.0#Tonga
-1.2#Nauru
-1.7#SolomonIslands
-2.1#Vanuatu
-3.3#Samoa
-3.7#Fiji
-5.8#Australia
-6.7#NewZealand
-7.2#Palau
-11.9
Note: the revised #IMF projection for 2020 GDP Growth in #China of 1.2% is much less than that made by other analysts: a median 2.5% (& per @annafifield )— “the weakest clip since 1976, when the Cultural Revolution wrecked the economy.”
https://twitter.com/annafifield/status/1250294339122524162?s=21 #covid19 https://twitter.com/annafifield/status/1250294339122524162
of 1.2% is much less than that made by other analysts: a median 2.5% (& per @annafifield )— “the weakest clip since 1976, when the Cultural Revolution wrecked the economy.”https://twitter.com/annafifield/status/1250294339122524162?s=21 #covid19 https://twitter.com/annafifield/status/1250294339122524162
Spotlight: the “ #ASEAN-5” aka the 5 largest economies in SE Asia: Malaysia, Singapore, Thailand, Indonesia & Philippines.
#IMF’s latest GDP “Growth” Projections for 2020:
Overall: -0.6
#Philippines 0.6
#Indonesia 0.5
#Malaysia -1.7
#Singapore -3.5
#Thailand -6.7
#IMF’s latest GDP “Growth” Projections for 2020:Overall: -0.6
#Philippines
0.6#Indonesia
0.5#Malaysia
-1.7#Singapore
-3.5#Thailand
-6.7
People who know me know that I can be optimistic to a fault but I do wonder about these #IMF 2021 GDP growth projections 
: #allelsebeingequal.
Our world
5.8
#USA
4.5
#China 9.2
#India 7.4
#ASEAN-5 7.8
Albeit from a lower 2020 base.
#MrOptimism #WEO
: #allelsebeingequal.Our world
5.8#USA
4.5#China
9.2#India
7.4#ASEAN-5
7.8Albeit from a lower 2020 base.
#MrOptimism #WEO
Who you calling sustainable? About that debt. “ #IMF experts are economists, they are not clairvoyants.”
A proposal: of #debtsustainability, #COVID19 uncertainty & @IMFNews. Read: https://brook.gs/34CzWlw via @heidirediker @DougRediker
@BrookingsInst
@CFR_org
A proposal: of #debtsustainability, #COVID19 uncertainty & @IMFNews. Read: https://brook.gs/34CzWlw via @heidirediker @DougRediker
@BrookingsInst
@CFR_org
DYK: the #IMF projects that some 35 nations will still have positive Real GDP in 2020 despite the #GreatLockdownRecession including:
#Guyana 52.8
#Benin 4.5
#Ethiopia 3.2
#Bhutan 2.7
#Vietnam 2.7
#Nepal 2.5
#Bangladesh 2.0
#India 1.9
#China 1.2
#Guyana 52.8 #Benin 4.5 #Ethiopia 3.2 #Bhutan 2.7 #Vietnam 2.7 #Nepal 2.5 #Bangladesh 2.0 #India 1.9 #China 1.2
A #blog from the #IMF on the #COVID19 Pandemic & the #AsiaPacific Region:
Lowest Growth Since the 1960s. Two key added factors shaping outlook: the global slowdown & the #China slowdown.
https://blogs.imf.org/2020/04/15/covid-19-pandemic-and-the-asia-pacific-region-lowest-growth-since-the-1960s/#.Xpelk8kSp4U.twitter
Via @IMFNews Chang Yong Rhee
@rhee_chang
Pandemic & the #AsiaPacific Region: Lowest Growth Since the 1960s. Two key added factors shaping outlook: the global slowdown & the #China slowdown.
https://blogs.imf.org/2020/04/15/covid-19-pandemic-and-the-asia-pacific-region-lowest-growth-since-the-1960s/#.Xpelk8kSp4U.twitter
Via @IMFNews Chang Yong Rhee
@rhee_chang
