Question

Covid 19 a global Economic recession.​

Answer 1

The June 2020 Global Economic Prospects describes both the immediate and near-term outlook for the impact of the pandemic and the long-term damage it has dealt to prospects for growth. The baseline forecast envisions a 5.2 percent contraction in global GDP in 2020, using market exchange rate weights—the deepest global recession in decades, despite the extraordinary efforts of governments to counter the downturn with fiscal and monetary policy support.

Answer 2

Answer:

The COVID-19 recession is an ongoing global economic recession in direct result of the COVID-19 pandemic. So far, the recession has been the worst global economic crisis that happened after the 1930s Great Depression. The recession lasted two months in the United States, ending in April 2020, and one year and four months worldwide, since February 2020.

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