Collapse in consumption dragging down global economic outlook - IMF
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WASHINGTON (Reuters) - A collapse in consumption and other data point to a downward revision of the International Monetary Fund's already pessimistic outlook for the global economy given the global coronavirus pandemic, a top IMF official said on Wednesday.IMF chief economist Gita Gopinath said economic data gathered since April were confirming the IMF's forecast for a 3% contraction in global economic output, and pointed toward potentially worse scenarios."If anything, it looks like the outlook..