But impact over rest of decade will not be as bad as that following financial crisis of 2008
Scars from the pandemic will prevent the global economy from making a full recovery, though the impact over the rest of the decade will not be as severe as that of the 2008 financial crisis , the International Monetary Fund has said.
Tourism-dependent countries in the Pacific Islands and in the Caribbean – such as Barbados – would be among those to suffer the most, the Washington-based organisation said. It expected global output to be about 3% lower in 2024 than projected before the Covid-19 pandemic.
