Coronavirus has steered us to a recession worse than 2009: IMF chief

The coronavirus pandemic has driven the gobal economy into a downturn that will require massive funding to help developing nations, IMF chief Kristalina Georgieva said on Friday.

"It is clear that we have entered a recession" that will be worse than in 2009 following the global financial crisis, she said in an online press briefing.

With the worldwide economic coming to a "sudden stop," Georgieva said the estimated funds requirement "for the overall financial needs of emerging markets is $2.5 trillion." But she also warned that "we believe this is on the lower end."