IMF downgrades outlook for global economy
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The International Monetary Fund has sharply lowered its forecast for global growth in 2020 because it envisions far more severe economic damage from the coronavirus than it did as recently as April
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2020 GDP CHANGE 
Forecast in June 
Forecast in April

(%) -12 -9 -6 -3 0 3

United States -8.0 -5.9
Euro area -10.2 -7.5
Germany -7.8 -7.0
France -12.8 -9.1
Italy -12.8 -9.1
Spain -12.8 -8.0
Japan -5.8 -5.2
UK -10.2 -6.5
Canada -8.4 -6.2
China 1.0 1.2
India -4.5 1.9
Russia -6.6 -5.5
Brazil -9.1 -5.3
Mexico -10.5 -6.6
Saudi Arabia -6.8 -2.3
South Africa -8.0 -5.8

World output -4.9
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Sources: Associated Press, International Monetary Fund (IMF) © GRAPHIC NEWS