World economy in intensive care

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Wed, 2020-04-15 02:02

DUBAI: The global economy is facing its worst crisis since the Great Depression of the 1930s, the International Monetary Fund warned on Tuesday.

The COVID-19 pandemic has halted economic activity across great swaths of the world, and economies are expected to shrink by 3 percent this year. “This crisis is like no other,” said IMF economic counselor Gita Gopinath.

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