Social Sciences, asked by jayathasrisatya, 1 month ago

what were their views of various economist regarding great economic decline​

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Answered by EBHN
1

Global attitudes about the state of the economy amid the coronavirus outbreak are more negative in some countries than they were during the Great Recession, according to Pew Research Center surveys conducted in 10 countries during both crises. But people are also more upbeat about the prospect of a rebound than they were after the financial meltdown more than a decade ago.

In April, the International Monetary Fund predicted the economic downturn resulting from the coronavirus outbreak would be far graver than the Great Recession. With global gross domestic product now expected to contract by 4.9% in 2020, the magnitude of this recession exceeds that of 11 years ago, when year-on-year global GDP growth contracted by 0.1%.

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