Global economy showing signs of bouncing back from severe downturn caused by pandemic: IMF chief

The global economy is showing signs of bouncing back from the severe downturn caused by pandemic, but a full recovery is unlikely without a vaccine, IMF chief Kristalina Georgieva claimed. In a column co-authored with IMF chief economist Gita Gopinath, the officials stressed that govts should continue to support workers and businesses since the nature of the crisis could give rise to a wave of bankruptcies and job destruction.