On September 24, International Monetary Fund (IMF) spokesperson Gerry Rice said the global economic outlook was less gloomy than the forecast made three months ago, thanks to China’s economic performance and other Other advanced economies were expectations. 

Mr. Rice emphasized: "The recent data show that the world economic outlook will be less severe than the forecast made in the updated report on World Outlook published on June 24, with Many sectors of the global economy began to get through hard times. "

However, Mr. Rice said that the global economy are still many challenges from the pandemic respiratory COVID-19 level. According to Mr. Rice, the situation is still volatile in many developing countries and in more floating markets than China. Besides, the IMF is also concerned about the increasing debt level.

Regarding debt issues, Mr. Rice said the institution will send a delegation to Argentina in early October to discuss the country’s debt restructuring after negotiations over the restructuring agreement. New debt structure resumed last month.

Earlier, in the World Economic Outlook report released on June 24, the IMF said that the COVID-19 pandemic had caused an "unprecedented economic crisis", resulting in gross domestic product (GDP ) a 4.9% decline in the global market in 2020 and a loss of $ 12,000 billion in 2 years.

The IMF said that global business stagnation caused hundreds of millions of jobs to disappear, and major economies in Europe faced a double-digit recession. The prospects for recovery from the epidemic are uncertain as direction of COVID-19’s development cannot be .

The IMF warns that the COVID-19 pandemic has caused a more negative impact on economic performance in the first half of 2020 than expected and the recovery will be slower than previously forecast.