News IMF sees global economy shrinking 4.4% in 2020 The pandemic-hit global economy is expected to contract by as much as 4.4 percent this year, the International Monetary Fund forecast. By Arete News - October 13, 2020 IMF Managing Director Kristalina Georgieva speaks on the global economy (AN/IMF) You need to login to view this content. Please Login. Not a Member? Join Us