The IMF WEO, digested

For those of you who haven’t had the time to read the April IMF WEO in full (which you all should), there is a digested version available here.

In light of all the talk about green shoots (amid continuing falls in industrial output in places like Italy and France), one crucial question which the IMF research raises is: to what extent will declining output and rising unemployment create ‘second round’ problems in our financial institutions?