SOFIA: Developing countries may be the hardest hit economically by the fallout from the spread of the new coronavirus, IMF managing director Kristalina Georgieva said on Monday.
“The countries that are now worst hit by the pandemic are not necessarily the ones that will be worst hit economically. I am most worried about the developing and emerging countries,” she told a videoconference press briefing for the Bulgarian media.
The crisis sparked by the spread of the novel coronavirus is the worst since the Great Depression, Georgieva added.
She said the fallout from the virus will mean that 170 countries will have negative economic growth this year, she told a videoconference press briefing for the Bulgarian media.
