Hey, the International Monetary Fund (IMF) expects the global economy this year, with a 3 percent shrink, because of the corona virus. In the euro area, including Belgium, will be more affected. 2021 will be a recovery is expected, as revealed on Tuesday in the World Economic Outlook , the economic outlook of the IMF.
For Belgium, the forecasts of the IMF, this year, with the economic decline of 6.9 per cent (against a growth of 1.4 per cent in 2019). The following year, a recovery may be followed by 4.6 per cent. The unemployment rate is expected this year, rising to 7.3% (compared to 5.4% in 2019) to 2021 for the 7 per cent that go with it.
in Both the euro area (-7,5 percent), as well as the United States of america (-5,9 per cent), a year of severe economic collapse is expected. Asia would have to be a zero out.
as for The global economy next year, with 5.8 per cent recovery in the event of a situation in which the appointment is pandemic in the second half of the year, is slowing, and the mitigation measures can be taken. Thanks to government support, economic activity, then normalizing it in 2021. For the euro area and a recovery of 4.7 per cent is applied.
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