Friday, June 12, 2020

Global Recession - Surpasses Great Depression

Surpassing Great Depression

The pandemic turned a global slowdown into a global downturn, and it’s just getting started. World Bank analysts have noted a rapid revision of economic indicators around the world. The organization is now forecasting a synchronized downturn, spread over 90% of economies. This would be the largest global recession in history, surpassing the previous record set during the Great Recession.


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