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April 20, 2024
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Research

IMF’s take on lockdown: “Worst economic downturn since the Great Depression”

April 14, 2020

The IMF calls the current lockdown the worst downtown since the Great Depression. Image credit: PHOTO: WILLY KURNIAWAN/REUTERS/NEWSCOM The IMF calls the current lockdown the worst downtown since the Great Depression. Image credit: PHOTO: WILLY KURNIAWAN/REUTERS/NEWSCOM

 

By Luxury Daily News Service

A senior economist at the International Monetary Fund has given a rather somber assessment of the global economy as the lockdown decimates lives and livelihoods.

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