Massive risks to world economy as virus battle rages

Analysts and economists are anticipating a global economic crisis unseen since the Great Depression as the world battles the Covid-19 pandemic. – EPA pic, March 26, 2020.

THE coronavirus outbreak and resulting lockdown of billions of people threatens the global economy to the point where economists are predicting the most violent recession in recent history, perhaps even eclipsing the Great Depression.

The crash will almost certainly be accompanied by a surge in unemployment, especially in countries with weaker worker rights, such as the United States.

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