Coronavirus – Africa: COVID-19 to plunge Global Economy into Worst Recession

Download logoThe swift and massive shock of the coronavirus pandemic and shutdown measures to contain it have plunged the global economy into a severe contraction. According to World Bank forecasts, the global economy will shrink by 5.2% this year. That would represent the deepest recession since the Second World War, with the largest fraction of economies experiencing declines in per capita output since 1870, the World Bank says in its June 2020 Global Economic Prospects.

Economic activity a

The post Coronavirus – Africa: COVID-19 to plunge Global Economy into Worst Recession appeared first on CNBC Africa.

CNBC AFRICA

Source : African Media Agency (AMA)