According to IMF Managing Director Kristalina Georgieva, the largest outflow of capital from emerging markets in history has been recorded since the crisis provoked by the coronavirus pandemic.
Since the onset of the financial crisis caused by the coronavirus pandemic, investors have withdrawn about $ 83 billion from emerging markets. This was announced on March 23 by the managing director of the International Monetary Fund, Kristalina Georgieva, following a telephone conversation with the G20 finance ministers. Transcript of her performance published on the IMF website.
“Investors have already withdrawn $ 83 billion from emerging markets since the onset of the crisis, which is the largest capital outflow ever recorded. We are particularly concerned that low-income countries are in distress. This is an issue we are working closely with the World bank, “she said.
According to Georgieva’s forecast, in 2020 the world economy will face a recession, “the same as during the global financial crisis [2008 года] or worse. “
“But we expect the economy to recover in 2021. To achieve this, priority should be given to supporting and strengthening health systems around the world. The economic impact will be serious, but the faster the virus stops, the faster the economy will recover,” the IMF director said.
An outbreak of COVID-19 coronavirus infection began in December 2019 in Wuhan, China. March 11, the World Health Organization announced the spread of coronavirus pandemic. According to American Johns Hopkins University, on March 24, the total number of people infected in the world exceeded 390 thousand, 17.2 thousand people died, about 103 thousand people recovered.
At the end of January, Moodyʼs Analytics predicted that the coronavirus epidemic could become a black swan for the global economy and cause more damage than the financial crisis of 2008-2009.