World experiencing one of the deepest recessions since Great Depression due to Covid: World Bank

"The recession has been deep, one of the deepest since the Great Depression. And for many developing countries, and for the people in the poorest countries, it is truly a depression, a catastrophic event. It is continuing to add to the ranks of those in extreme poverty," World Bank President David Malpass said.

from News-Economic Times https://ift.tt/376ePLz