The International Monetary Fund is projecting a deep recession in 2020 with global growth projected to be -4.4% in its latest update to the World Economic Outlook forecast. The IMF says they expect growth to rebound partially in 2021, coming back to 5.2 percent. However, with the exception of China, all advanced economies and emerging and developing economies, excluding China are projecting output will remain below 2019 levels well into 2021. They foresee that the recovery from this collapse will likely be long and even highly uncertain.