IMF: recession like this hasn’t happened at all fund lifetime

Restrictions arising from the spread of the coronavirus, led to a complete halt in the global economy, said the director IMF Managing Director Kristalina Georgieva. She noted that this has not happened in the entire history of the foundation, RIA Novosti reports. According to Georgieva, there is now a global recession, which is significantly worse than the previous global crisis. it noted in JP Morgan - according to the bank, a recession has come, the scale of which may exceed all previous crises. At the IMF expressed their readiness to direct the entire the available reserve of $ 1 trillion. Meanwhile, in the United States, the small business optimism index according to data for March fell below 100 points for the first time in three years. Major US stock indexes on Tuesday returned to fall after the previous growth by 7%, negative dynamics was observed again on European exchanges. Leading US banks previously decided to suspend the buyback of their own shares.