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- The 2020 recession was caused by the COVID-19 pandemic and the worst economic crisis since the Great Depression.
www.thebalancemoney.com/recession-2020-4846657
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Jun 8, 2020 · The coronavirus pandemic and containment measures have plunged the global economy into deep contraction. World Bank Global Economic Prospects forecasts say global economy will shrink 5.2% this year, using market exchange rate weights; deepest recession since WW II.
- Understanding the depth of the 2020 global recession in 5 charts
Current forecasts suggest that the coronavirus (COVID-19)...
- Understanding the depth of the 2020 global recession in 5 charts
The recession began in most countries in February 2020. After a year of global economic slowdown that saw stagnation of economic growth and consumer activity, the COVID-19 lockdowns and other precautions taken in early 2020 drove the global economy into crisis.
Sep 25, 2020 · Europe and emerging markets have been hit hard economically, China has escaped a recession. But the worst could be behind us, and a greener economy could emerge after the pandemic, according to the Chief Economist at IHS Markit.
- Ceri Parker
Dec 25, 2021 · The 2020 recession was caused by the COVID-19 pandemic and the worst economic crisis since the Great Depression. Learn how it compared to other recessions.
- Kimberly Amadeo
Jun 15, 2020 · Current forecasts suggest that the coronavirus (COVID-19) global recession will be the deepest since World War II, with the largest fraction of economies experiencing declines in per capita output since 1870. Output of emerging market and developing economies (EMDEs) is expected to contract in 2020 for the first time in at least 60 years. Chart 1.
Jun 8, 2020 · The COVID-19 pandemic will shrink the global economy by 5.2 per cent this year, representing the deepest recession since World War Two, and triggering a dramatic rise in extreme poverty, the...
May 1, 2020 · Canada has officially entered a recession due to the economic devastation caused by the COVID-19 pandemic, the C.D. Howe Institute's Business Cycle Council declared Friday.
