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International Monetary Fund (IMF) Managing Director Kristalina Georgieva has warned of a recession worse than the global financial crisis back in 2008. "We're now in recession, it is way worse than the global financial crisis," Georgieva said on Friday at a joint press conference with the World Health Organization (WHO), noting the "dual crisis" -- health and economic crisis -- caused by COVID-19 outbreak is unprecedented in the history of IMF, Xinhua reported.

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