IMF urges the governments to spend more to create new jobs

IMF urges the governments to spend more to create new jobs

IMF

On Monday, the International Monetary Fund (IMF) said that governments should step up public investments so that economic recovery could be done effectively. As the IMF predicted it in June, that the contraction in the economy due to the pandemic Covid-19 could be 4.9% in global GDP for 2020 and it might go even higher. The IMF has asked governments to create jobs and increase the public investment to support economic recovery. The International Monetary Fund has also suggested the government invest more in healthcare, social housing, digitalisation and environmental protection.

Read More at CNBC

Share
Translate ยป
error: Content is protected !!