The International Monetary Fund (IMF) has warned that the global economy in 2020 will suffer its worst recession since the Great Depression because of the coronavirus pandemic. Income per capita is projected to shrink for over 170 countries.

The Speaker’s chart, drawn from the latest IMF study, shows that the cumulative loss to global GDP over 2020 and 2021 could be around $9 trillion, greater than the economies of Japan


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