World economy to lose USD 12.5 trillion in output by 2024 because of COVID-19: IMF Chief
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The world economy will lose USD 12.5 trillion in output by 2024 due to the pandemic, the International Monetary Fund managing director said on Thursday. "The world economy between now and 2024 is losing USD 12.5 trillion in output because of COVID," Kristalina Georgieva said. "And we are going to actually update this number revising it upwards because of Omicron."
