Covid-19: World faces worst crisis since Great Depression, says IMF chief

However, Georgieva added this ominous caution: "It could get worse." There is "tremendous uncertainty around the outlook" and the duration of the pandemic, Georgieva said

The global coronavirus pandemic has inflicted an economic crisis unlike any in the past century and will require a massive response to ensure recovery, International Monetary Fund (IMF) chief Kristalina Georgieva said Thursday. She said the world needed to brace for "the worst economic fallout since the Great Depression."

With over 95,700 deaths in 192 countries and territories and the number of cases now surpassing 1.6 million worldwide, much of the global economy has been shut down to contain the spread of the virus.

The IMF expects global growth to turn sharply negative in 2020, with 170 of the fund's 180 members