IMF Annual Report 2020
The global economy is facing a deep recession with the ongoing impact of COVID-19.
Uncertainty remains around the outlook, alongside long-term forces that shape and influence countries’ response to the virus and the recovery.
People all over the world have seen profound changes in their lives: economic recession, unemployment, climate change, technology and the automation of jobs, the rise of digital currencies, lower returns on their savings, and rising inequality and debt.
These ongoing global forces and the current crisis can offer opportunities to build a better future for everyone. Working together in good faith and with shared goals can yield solutions to our most pressing problems, restore leadership and trust in institutions, and create a recovery that builds a global economy to serve everyone.