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IMF slashes its forecasts for the global economy and warns of soaring debt levels PUBLISHED WED, JUN 24 2020 9:00 AM EDT Silvia Amaro@SILVIA_AMARO


  • The Fund also downgraded its GDP forecast for 2021.

  • The IMF cautioned that the forecasts are surrounded with unprecedented uncertainty.

  • The United States is expected to contract by 8% this year. The Fund had estimated a contraction of 5.9% in April.

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