International Monetary Fund (IMF)

These are the news highlights this week.

The world economy is facing a tougher than expected start to 2021 as coronavirus infections surge

The guardians of the global economy will gather this week under the cloud of the worst recession since the Great Depression.

Asean economy is poised for a recovery in 2021

For veteran economist Song Seng Wun of CIMB Private Bank, this recession is the fourth he has seen in his professional career, and judging from current indications, it is shaping up to be the “most extended”.

“No one can say how widely the Covid-19 pandemic may spread, and containment may take longer than currently projected,” said ADB’s chief economist Yasyuki Saswada

The Covid-19 pandemic is a set to disrupt every aspect of society – for better or worse. Say goodbye to life as you know it

“As countries implement containment measures to control the pandemic, the world has been put in a lockdown. The magnitude of collapsing activity that has followed is unlike anything experienced in our lifetimes,” says IMF economic chancellor Gita Gopinath

The outbreak is plunging the world economy into its worst downturn since the global financial crisis more than a decade ago, the Organization for Economic Cooperation and Development warned on Monday.

(Feb 14): In a recent tweet, Olivier Blanchard – a former chief economist of the International Monetary Fund – wondered how we can “have so much political and geopolitical uncertainty and so little economic uncertainty.” Markets are supposed to me