‘Global lockdown’ will cause worst recession since Great Depression, says IMF

Beaten down by the coronavirus outbreak, the world economy in 2020 will suffer its worst year since the Great Depression of the 1930s, the International Monetary Fund says. The IMF expects the global economy to shrink 3% this year before rebounding in 2021 with 5.8% growth. It acknowledges, though, that prospects for a rebound next year are clouded by uncertainty.
‘Great Lockdown’ to rival Great Depression with 3% hit to global economy, says IMF

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