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 ">https://ow.ly/ZLYi50zcc...

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">https://www.imf.org/~/media/F... @IMFNews #economies #GDP #finance

#Perspective. It’s not all negative…
#IMF projects 2020 economic (GDP) growth rates of:
https://abs.twimg.com/emoji/v2/... draggable="false" alt="🇧🇹" title="Flag of Bhutan" aria-label="Emoji: Flag of Bhutan"> #Bhutan 2.7%
https://abs.twimg.com/emoji/v2/... draggable="false" alt="🇻🇳" title="Flag of Vietnam" aria-label="Emoji: Flag of Vietnam"> #Vietnam 2.7
https://abs.twimg.com/emoji/v2/... draggable="false" alt="🇧🇩" title="Flag of Bangladesh" aria-label="Emoji: Flag of Bangladesh"> #Bangladesh 2.0
https://abs.twimg.com/emoji/v2/... draggable="false" alt="🇮🇳" title="Flag of India" aria-label="Emoji: Flag of India"> #India 1.9
https://abs.twimg.com/emoji/v2/... draggable="false" alt="🇨🇳" title="Flag of China" aria-label="Emoji: Flag of China"> #China 1.2
https://abs.twimg.com/emoji/v2/... draggable="false" alt="🇵🇭" title="Flag of Philippines" aria-label="Emoji: Flag of Philippines"> #Philippines 0.6
https://abs.twimg.com/emoji/v2/... draggable="false" alt="🇮🇩" title="Flag of Indonesia" aria-label="Emoji: Flag of Indonesia"> #Indonesia 0.5

But here & elsewhere a lot of pain behind the numbers. @IMFNews #WEO

Today’s revised https://abs.twimg.com/emoji/v2/... draggable="false" alt="⬇️" title="Downwards arrow" aria-label="Emoji: Downwards arrow"> GDP 2020 projections by #IMF for #SoutheastAsia as #Covid19 impact spreads in #ASEAN:

#Vietnam https://abs.twimg.com/emoji/v2/... draggable="false" alt="🇻🇳" title="Flag of Vietnam" aria-label="Emoji: Flag of Vietnam"> 2.7
#Myanmar https://abs.twimg.com/emoji/v2/... draggable="false" alt="🇲🇲" title="Flag of Myanmar" aria-label="Emoji: Flag of Myanmar"> 1.8
#Brunei https://abs.twimg.com/emoji/v2/... draggable="false" alt="🇧🇳" title="Flag of Brunei" aria-label="Emoji: Flag of Brunei"> 1.3
#Laos https://abs.twimg.com/emoji/v2/... draggable="false" alt="🇱🇦" title="Flag of Laos" aria-label="Emoji: Flag of Laos"> 0.7
#Philippines https://abs.twimg.com/emoji/v2/... draggable="false" alt="🇵🇭" title="Flag of Philippines" aria-label="Emoji: Flag of Philippines"> 0.6
#Indonesia https://abs.twimg.com/emoji/v2/... draggable="false" alt="🇮🇩" title="Flag of Indonesia" aria-label="Emoji: Flag of Indonesia"> 0.5
#Cambodia https://abs.twimg.com/emoji/v2/... draggable="false" alt="🇰🇭" title="Flag of Cambodia" aria-label="Emoji: Flag of Cambodia"> -1.6
#Malaysia https://abs.twimg.com/emoji/v2/... draggable="false" alt="🇲🇾" title="Flag of Malaysia" aria-label="Emoji: Flag of Malaysia"> -1.7
#Singapore https://abs.twimg.com/emoji/v2/... draggable="false" alt="🇸🇬" title="Flag of Singapore" aria-label="Emoji: Flag of Singapore"> -3.5
#Thailand https://abs.twimg.com/emoji/v2/... draggable="false" alt="🇹🇭" title="Flag of Thailand" aria-label="Emoji: Flag of Thailand"> -6.7

Whoa. The #IMF projects 2020 Real GDP change for #Macau / #Macao https://abs.twimg.com/emoji/v2/... draggable="false" alt="🇲🇴" title="Flag of Macau" aria-label="Emoji: Flag of Macau"> of:

-29.6

@IMFNews #WEO #IMFMeetings https://abs.twimg.com/emoji/v2/... draggable="false" alt="🦠" title="Microbe" aria-label="Emoji: Microbe">vs https://abs.twimg.com/emoji/v2/... draggable="false" alt="🎲" title="Game die" aria-label="Emoji: Game die">https://abs.twimg.com/emoji/v2/... draggable="false" alt="🎰" title="Slot machine" aria-label="Emoji: Slot machine">=https://abs.twimg.com/emoji/v2/... draggable="false" alt="🎢" title="Roller coaster" aria-label="Emoji: Roller coaster">
#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 https://abs.twimg.com/emoji/v2/... draggable="false" alt="🇧🇹" title="Flag of Bhutan" aria-label="Emoji: Flag of Bhutan"> 2.7
#Nepal https://abs.twimg.com/emoji/v2/... draggable="false" alt="🇳🇵" title="Flag of Nepal" aria-label="Emoji: Flag of Nepal">2.5
#Bangladesh https://abs.twimg.com/emoji/v2/... draggable="false" alt="🇧🇩" title="Flag of Bangladesh" aria-label="Emoji: Flag of Bangladesh"> 2.0
#India https://abs.twimg.com/emoji/v2/... draggable="false" alt="🇮🇳" title="Flag of India" aria-label="Emoji: Flag of India"> 1.9
#SriLanka https://abs.twimg.com/emoji/v2/... draggable="false" alt="🇱🇰" title="Flag of Sri Lanka" aria-label="Emoji: Flag of Sri Lanka"> -0.5
#Pakistan https://abs.twimg.com/emoji/v2/... draggable="false" alt="🇵🇰" title="Flag of Pakistan" aria-label="Emoji: Flag of Pakistan"> -1.5
#Maldives https://abs.twimg.com/emoji/v2/... draggable="false" alt="🇲🇻" title="Flag of Maldives" aria-label="Emoji: Flag of Maldives"> -8.1
#Afghanistan https://abs.twimg.com/emoji/v2/... draggable="false" alt="🇦🇫" title="Flag of Afghanistan" aria-label="Emoji: Flag of Afghanistan"> -3.0

https://abs.twimg.com/emoji/v2/... draggable="false" alt="🙏" title="Folded hands" aria-label="Emoji: Folded hands"> #StrongerTogether

#WhatISaid on #CNA938 of
2020 #IMF projections https://abs.twimg.com/emoji/v2/... draggable="false" alt="↕️" title="Up down arrow" aria-label="Emoji: Up down arrow">:

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">https://twitter.com/curtissch...

Chart https://abs.twimg.com/emoji/v2/... draggable="false" alt="⬇️" title="Downwards arrow" aria-label="Emoji: Downwards arrow">: 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 https://abs.twimg.com/emoji/v2/... draggable="false" alt="➡️" title="Rightwards arrow" aria-label="Emoji: Rightwards arrow"> http://ow.ly/ZLYi50zccSJ ">https://ow.ly/ZLYi50zcc...

#IMF revised https://abs.twimg.com/emoji/v2/... draggable="false" alt="⬇️" title="Downwards arrow" aria-label="Emoji: Downwards arrow"> Real GDP 2020 projections for #EastAsia as the impact of #Covid19 spreads in #Asia-Pacific:

#China https://abs.twimg.com/emoji/v2/... draggable="false" alt="🇨🇳" title="Flag of China" aria-label="Emoji: Flag of China"> 1.2%
#Mongolia https://abs.twimg.com/emoji/v2/... draggable="false" alt="🇲🇳" title="Flag of Mongolia" aria-label="Emoji: Flag of Mongolia"> -1.0
#SouthKorea https://abs.twimg.com/emoji/v2/... draggable="false" alt="🇰🇷" title="Flag of South Korea" aria-label="Emoji: Flag of South Korea"> -1.2
#Taiwan https://abs.twimg.com/emoji/v2/... draggable="false" alt="🇹🇼" title="Flag of Taiwan" aria-label="Emoji: Flag of Taiwan"> -4.0
#HongKong https://abs.twimg.com/emoji/v2/... draggable="false" alt="🇭🇰" title="Flag of Hong Kong" aria-label="Emoji: Flag of Hong Kong"> -4.8
#Japan https://abs.twimg.com/emoji/v2/... draggable="false" alt="🇯🇵" title="Flag of Japan" aria-label="Emoji: Flag of Japan"> -5.2
#Macau https://abs.twimg.com/emoji/v2/... draggable="false" alt="🇲🇴" title="Flag of Macau" aria-label="Emoji: Flag of Macau"> -29.6
#NorthKorea https://abs.twimg.com/emoji/v2/... draggable="false" alt="🇰🇵" title="Flag of North Korea" aria-label="Emoji: Flag of North Korea"> 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

#Oceania: #IMF 2020 GDP change?

#Kiribati https://abs.twimg.com/emoji/v2/... draggable="false" alt="🇰🇮" title="Flag of Kiribati" aria-label="Emoji: Flag of Kiribati"> 0.0
#MarshallIslands https://abs.twimg.com/emoji/v2/... draggable="false" alt="🇲🇭" title="Flag of Marshall Islands" aria-label="Emoji: Flag of Marshall Islands"> -0.2
#Micronesia https://abs.twimg.com/emoji/v2/... draggable="false" alt="🇫🇲" title="Flag of Micronesia" aria-label="Emoji: Flag of Micronesia"> -0.4
#PNG https://abs.twimg.com/emoji/v2/... draggable="false" alt="🇵🇬" title="Flag of Papua New Guinea" aria-label="Emoji: Flag of Papua New Guinea"> -1.0
#Tuvalu https://abs.twimg.com/emoji/v2/... draggable="false" alt="🇹🇻" title="Flag of Tuvalu" aria-label="Emoji: Flag of Tuvalu"> -1.0
#Tonga https://abs.twimg.com/emoji/v2/... draggable="false" alt="🇹🇴" title="Flag of Tonga" aria-label="Emoji: Flag of Tonga"> -1.2
#Nauru https://abs.twimg.com/emoji/v2/... draggable="false" alt="🇳🇷" title="Flag of Nauru" aria-label="Emoji: Flag of Nauru"> -1.7
#SolomonIslands https://abs.twimg.com/emoji/v2/... draggable="false" alt="🇸🇧" title="Flag of Solomon Islands" aria-label="Emoji: Flag of Solomon Islands"> -2.1
#Vanuatu https://abs.twimg.com/emoji/v2/... draggable="false" alt="🇻🇺" title="Flag of Vanuatu" aria-label="Emoji: Flag of Vanuatu"> -3.3
#Samoa https://abs.twimg.com/emoji/v2/... draggable="false" alt="🇼🇸" title="Flag of Samoa" aria-label="Emoji: Flag of Samoa"> -3.7
#Fiji https://abs.twimg.com/emoji/v2/... draggable="false" alt="🇫🇰" title="Flag of Falkland Islands" aria-label="Emoji: Flag of Falkland Islands"> -5.8
#Australia https://abs.twimg.com/emoji/v2/... draggable="false" alt="🇦🇺" title="Flag of Australia" aria-label="Emoji: Flag of Australia"> -6.7
#NewZealand https://abs.twimg.com/emoji/v2/... draggable="false" alt="🇳🇿" title="Flag of New Zealand" aria-label="Emoji: Flag of New Zealand"> -7.2
#Palau https://abs.twimg.com/emoji/v2/... draggable="false" alt="🇵🇼" title="Flag of Palau" aria-label="Emoji: Flag of Palau"> -11.9

Note: the revised #IMF projection for 2020 GDP Growth in #China https://abs.twimg.com/emoji/v2/... draggable="false" alt="🇨🇳" title="Flag of China" aria-label="Emoji: Flag of China"> of 1.2% is much less than that made by other analysts: a median 2.5% (& per @annafifield https://abs.twimg.com/emoji/v2/... draggable="false" alt="⬇️" title="Downwards arrow" aria-label="Emoji: Downwards arrow">)— “the weakest clip since 1976, when the Cultural Revolution wrecked the economy.”

https://twitter.com/annafifield/status/1250294339122524162?s=21">https://twitter.com/annafifie... #covid19 https://twitter.com/annafifield/status/1250294339122524162">https://twitter.com/annafifie...

Spotlight: the “ #ASEAN-5” aka the 5 largest economies in SE Asia: Malaysia, Singapore, Thailand, Indonesia & Philippines.

https://abs.twimg.com/emoji/v2/... draggable="false" alt="👉" title="Right pointing backhand index" aria-label="Emoji: Right pointing backhand index"> #IMF’s latest GDP “Growth” Projections for 2020:
Overall: -0.6
#Philippines https://abs.twimg.com/emoji/v2/... draggable="false" alt="🇵🇭" title="Flag of Philippines" aria-label="Emoji: Flag of Philippines"> 0.6
#Indonesia https://abs.twimg.com/emoji/v2/... draggable="false" alt="🇮🇩" title="Flag of Indonesia" aria-label="Emoji: Flag of Indonesia"> 0.5
#Malaysia https://abs.twimg.com/emoji/v2/... draggable="false" alt="🇲🇾" title="Flag of Malaysia" aria-label="Emoji: Flag of Malaysia"> -1.7
#Singapore https://abs.twimg.com/emoji/v2/... draggable="false" alt="🇸🇬" title="Flag of Singapore" aria-label="Emoji: Flag of Singapore"> -3.5
#Thailand https://abs.twimg.com/emoji/v2/... draggable="false" alt="🇹🇭" title="Flag of Thailand" aria-label="Emoji: Flag of 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 https://abs.twimg.com/emoji/v2/... draggable="false" alt="🤔" title="Thinking face" aria-label="Emoji: Thinking face">: #allelsebeingequal.

Our world https://abs.twimg.com/emoji/v2/... draggable="false" alt="🌐" title="Globe with meridians" aria-label="Emoji: Globe with meridians"> 5.8
#USA https://abs.twimg.com/emoji/v2/... draggable="false" alt="🇺🇸" title="Flag of United States" aria-label="Emoji: Flag of United States"> 4.5
#China https://abs.twimg.com/emoji/v2/... draggable="false" alt="🇨🇳" title="Flag of China" aria-label="Emoji: Flag of China"> 9.2
#India https://abs.twimg.com/emoji/v2/... draggable="false" alt="🇮🇳" title="Flag of India" aria-label="Emoji: Flag of India"> 7.4
#ASEAN-5 https://abs.twimg.com/emoji/v2/... draggable="false" alt="🇮🇩" title="Flag of Indonesia" aria-label="Emoji: Flag of Indonesia">https://abs.twimg.com/emoji/v2/... draggable="false" alt="🇲🇾" title="Flag of Malaysia" aria-label="Emoji: Flag of Malaysia">https://abs.twimg.com/emoji/v2/... draggable="false" alt="🇵🇭" title="Flag of Philippines" aria-label="Emoji: Flag of Philippines">https://abs.twimg.com/emoji/v2/... draggable="false" alt="🇸🇬" title="Flag of Singapore" aria-label="Emoji: Flag of Singapore">https://abs.twimg.com/emoji/v2/... draggable="false" alt="🇹🇭" title="Flag of Thailand" aria-label="Emoji: Flag of Thailand"> 7.8

Albeit 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 ">https://brook.gs/34CzWlw&q... 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:
https://abs.twimg.com/emoji/v2/... draggable="false" alt="🇬🇾" title="Flag of Guyana" aria-label="Emoji: Flag of Guyana"> #Guyana 52.8
https://abs.twimg.com/emoji/v2/... draggable="false" alt="🇧🇯" title="Flag of Benin" aria-label="Emoji: Flag of Benin"> #Benin 4.5
https://abs.twimg.com/emoji/v2/... draggable="false" alt="🇪🇹" title="Flag of Ethiopia" aria-label="Emoji: Flag of Ethiopia"> #Ethiopia 3.2
https://abs.twimg.com/emoji/v2/... draggable="false" alt="🇧🇹" title="Flag of Bhutan" aria-label="Emoji: Flag of Bhutan"> #Bhutan 2.7
https://abs.twimg.com/emoji/v2/... draggable="false" alt="🇻🇳" title="Flag of Vietnam" aria-label="Emoji: Flag of Vietnam"> #Vietnam 2.7
https://abs.twimg.com/emoji/v2/... draggable="false" alt="🇳🇵" title="Flag of Nepal" aria-label="Emoji: Flag of Nepal"> #Nepal 2.5
https://abs.twimg.com/emoji/v2/... draggable="false" alt="🇧🇩" title="Flag of Bangladesh" aria-label="Emoji: Flag of Bangladesh"> #Bangladesh 2.0
https://abs.twimg.com/emoji/v2/... draggable="false" alt="🇮🇳" title="Flag of India" aria-label="Emoji: Flag of India"> #India 1.9
https://abs.twimg.com/emoji/v2/... draggable="false" alt="🇨🇳" title="Flag of China" aria-label="Emoji: Flag of China"> #China 1.2

A #blog from the #IMF on the #COVID19 https://abs.twimg.com/emoji/v2/... draggable="false" alt="🦠" title="Microbe" aria-label="Emoji: Microbe"> 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">https://blogs.imf.org/2020/04/1... @IMFNews Chang Yong Rhee
@rhee_chang