Business • Economy

IMF predicts worst recession since the Great Depression

IMF, the International Monetary Fund, forecasts that the recession-related to the coronavirus might be the worst since the recession of the Great Depression of the 1930s. If the coronavirus related restrictions should stay longer than anticipated or even return, the IMF warns of the subsequent damage to the world economy. The IMF further estimates a 3% shrink of global gross domestic product this year.

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Card reviewed by: @christoph