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World Bank: Global Economy may see its worst downfall since WWII

June 10, 2020

World Bank: Global Economy may see its worst downfall since WWII

Covid-19 has left the world in a worse state in case of economy downturn.

After the recession caused by Covid-19 seems to contract to 5.2% globally as announced by World Bank report on Monday.

The pandemic took the world by storm and every corner of the businesses are being affected by it.

The virus economic hit cause will shrink Emerging Markets and Developing Economics (EMDE) by 2.5% this year and per capita by 3.6 %.

The World Bank also reported that the global economy has seen 14 recessions and Covid-19 recession will see a decline in GDP which will be worse since 1945-46

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