Coronavirus Plunges World Economy Into Brutal Recession
April 8, 2020
6:11 pm
Measures imposed to slow the spread of the coronavirus are pushing the world economy into a recession deeper and more painful than initially expected, even if a rebound is still on the cards for next year.
A week before the International Monetary Fund updates its forecasts for the global economy that will take into account the initial damage incurred since the coronavirus emerged in China at the start of the year, the first sets of data are coming in.
France’s central bank estimated Wednesday that the country’s economy contracted by around six percent in the first three months of 2020,
