The International Monetary Fund expects the worst “economic fallout” since the Great Depression due to the novel pandemic, said the fund’s manager directing.

“It is already clear, however, that global growth will turn sharply negative in 2020, as you will see in our World Economic Outlook next week,” Kristalina Georgieva stressed late Thursday.

She said the pandemic had smashed social and economic order at lightning speed by causing the tragic loss of life and a global lockdown.

The annual spring meetings of the IMF and World Bank Group next week with its 189 members will focus on this issue,

Read more: Virus brought worst picture since Great Depression: IMF