Among the regions projected to see the hardest hit in 2020: the Euro Area at -7.5%, Mexico at -6.6%, the United Kingdom at -6.5%, and the United States at -5.9%. China is projected to grow by 1.2%, still a noticeable downgrade from its 2019 growth rate of 6.1%.

“Much worse growth outcomes are possible and maybe even likely,” Gopinath said in the report. The IMF forecast assumes the recovery can begin in the second half of the year, but the report cautions that its projections are clouded by difficulty in predicting the pathway of the pandemic and the efficacy of containment measures, among other factors.

https://ca.yahoo.com/finance/news/imf-the-great-lockdown-to-be-worst-recession-since-great-depression-123009231.html

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IMF: 'The Great Lockdown' to be worst recession since Great Depression