‘Worst since World War II’: Global economy to shrink more than 5% this year

subsequent lockdown

The Covid-19 pandemic and subsequent lockdown measures have thrown the global economy into turmoil, the World Bank says, projecting global GDP (gross domestic product) to contract 5.2 percent in 2020.

The anticipated decline will be the worst since World War II and nearly three times as steep as in the 2009 global recession.

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