The International Monetary Fund (IMF) has downgraded its 2020 forecasts, Gazeta reported.

According to it, by the end of 2020 global GDP will fall by 4.9%, and not by 3%, as previously predicted.

The IMF also noted that Russia's GDP this year will fall by 6.6%, and not by 5.5%. US GDP will decline immediately by 8%, not 5.9%.

According to the new forecast, Eurozone GDP will fall by 10.2%, and not by 7.5%.

And China's GDP will grow by 1%, although the growth of 1.2% was previously forecasted. The IMF also raised its forecast for average oil prices in 2020 to $ 36.18 per barrel.