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Global economy to shrink by 5.2pc: World Bank Report

Global economy to shrink by 5.2pc: World Bank Report

Jun 09, 2020, at 04:58 pm

Washington/UNI: The COVID-19 pandemic will shrink the global economy by 5.2 per cent this year, representing the deepest recession since World War Two, and triggering a dramatic rise in extreme poverty, the World Bank has said in its latest Global Economic Prospects report.

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Global economy to shrink by 5.2pc: World Bank Report Tue, Jun 09 2020