Sharpest Downturn Since Great Depression

“The coronavirus pandemic and lockdowns imposed by governments on both sides of the Atlantic have pushed the global economy into the sharpest downturn since the Great Depression,” the Financial Times reports.

Said IMF chief Kristalina Georgieva: “This is a crisis like no other. Never in the history of the IMF have we witnessed the world economy coming to a standstill. It is way worse than the global financial crisis.”