IMF: The Great Lockdown: Worst economic downturn since the Great Depression

The International Monetary Fund reports:
The world has changed dramatically in the three months since our last update of the World Economic Outlook in January. A rare disaster, a coronavirus pandemic, has resulted in a tragically large number of human lives being lost. As countries implement necessary quarantines and social distancing practices to contain the pandemic, the world has been put in a Great Lockdown. The magnitude and speed of collapse …

The post IMF: The Great Lockdown: Worst economic downturn since the Great Depression appeared first on The Loadstar.

Source: The Loadstar

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