The Great Lockdown: Worst Economic Downturn Since The Great Depression
from the International Monetary Fund
– this post authored by Gita Gopinath
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 in activity that has followed is unlike anything experienced in our lifetimes.
Source: http://econintersect.com/pages/contributors/contributor.php?post=202004141408
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