World Bank Sees 5.2% Decline in Global Economy in 2020 From Coronavirus

World Bank Sees 5.2% Decline in Global Economy in 2020 From Coronavirus
The global economy is expected to shrink by about 5.2% in 2020 as a result of the coronavirus pandemic, making it one of the four most severe downturns in 150 years, the World Bank said Monday. Never before have so many countries entered a recession at once, even during three more severe episodes—the Great Depression…

The global economy is expected to shrink by about 5.2% in 2020 as a result of the coronavirus pandemic, making it one of the four most severe downturns in 150 years, the World Bank said Monday.

Never before have so many countries entered a recession at once, even during three more severe episodes—the Great Depression and the downturns following the two world wars, the bank said.

The…

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