How Covid-19 has affected the global economy
According to IMF, the global economy is expected to shrink by
over 3 per cent in 2020 – the steepest slowdown since the Great
Depression of the 1930s.
Amid the coronavirus pandemic, several countries across the
world resorted to lockdowns to “flatten the curve” of the
infection. These lockdowns meant confining millions of citizens to
their homes, shutting down businesses and ceasing almost all
economic activity. According to the International Monetary Fund
(IMF),...