The International Monetary Fund (IMF) on Tuesday has dramatically downgraded its outlook on the global economic growth, projecting a sharp contraction for this year amid “exceptionally high” uncertainty. “The COVID-19 pandemic is inflicting high and rising human costs worldwide, and the necessary protection measures are severely impacting economic activity. As a result of the pandemic, the global economy is projected to contract sharply by 3 percent in 2020, much worse than during the 2008–09 financial crisis,” said the IMF.  In January, the IMF had forecast that the global economy would expand 3.3 percent this year and 3.4 percent in
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