IMF says Israel's GDP to shrink more than any other developed nation

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The International Monetary Fund on Tuesday published its forecast in which it estimates Israel's GDP is expected to shrink by 5.9% compared to an average of 5.8% in other developed economies, according to a report in Calcalist.
The IMF also expects Israel's recession to be greater than in developing markets excluding China.
The world's economy will be reduced by 4.4% in 2020 according to the IMF report.

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