Coronavirus: Knowns and the Unknowns
Published: 08:03 PM,Mar 29,2020 | EDITED : 11:12 AM,Dec 22,2024
The International Monetary Fund expects the pandemic will cause a global recession in 2020 that could be worse than the one triggered by the 2008 financial crisis. The depth of a recession, how long it will last and the nature of the recovery are a matter of debate. Economists say it will largely depend on how long the lockdowns last—around a quarter of all humanity is currently in lockdown—and how far government support goes in helping individuals, businesses and markets survive the crisis.