Iran Press/ America: Speaking at a World Health Organization press conference on Friday, Kristalina Georgieva said: "The economic fallout from the Coronavirus is already way worse than the global financial crisis of 2008."
"With over half the globe -roughly four billion people- currently on lock down or under some form of 'stay-at-home' orders due to the Coronavirus pandemic, the dive in business activity has created an economic crisis like no other," the IMF director warned on Friday.
According to Georgieva, never in the history of the IMF, the body has witnessed the world economy come to a standstill.
"So far, more than 90 countries have applied for financial assistance," Georgieva said.
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"Developing economies are the most affected by the outbreak, as they have fewer resources to deal with the economic fallout from the pandemic," she said. 207
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