The world hasn’t seen a recession this bad since the 1930s. The recovery is far from certain
Refering to the report from IMF, CNN report as follows on the recession because of Covid-19 virus.
The coronavirus pandemic is plunging the global economy into its deepest slump since the Great Depression of the 1930s and governments and health officials must work together to prevent an even worse outcome.
That’s the stark warning from the International Monetary Fund, which said on Tuesday there was a risk of the recession extending into 2021 if policymakers fail to coordinate a global response to the virus.
Read the full report here