Recovering form the Great Lockdown

With the Great Lockdown put into effect to help contain the spread of Covid-19, the world has had to face the worst recession since the Great Depression. Compared to the International Monetary Fund’s (IMF) World Economic Outlook forecast for April 2020 where the global economy was expected to contract by three per cent, new estimates reveal that the recession may as well run deeper with global output levels falling by 4.9% in June 2020. Because of this, recovery is now anticipated to be more gradual than previously anticipated. For countries that have begun their ascent towards recovery, their climb ...

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from The Big Picture – The Express Tribune Blog https://ift.tt/2A522Lk

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