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IMF: Global economy to lose €18 trillion due to coronavirus
By EUobserver
The global economy is set to lose over €18 trillion between 2020 and 2025, due to the impacts of the coronavirus pandemic, the International Monetary Fund said on Tuesday, Deutsche Welle writes. The economy will likely see a strong rebound this year, but the pandemic is causing severe damage, the IMF said. The spread of vaccines, however, is expected to power a stronger global economic recovery in 2021.