COVID-19 Outbreak: World Bank sees 'major global recession' due to pandemic | The Business Standard
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SATURDAY, AUGUST 13, 2022
World Bank sees 'major global recession' due to pandemic

Coronavirus chronicle

Reuters
04 April, 2020, 08:50 am
Last modified: 04 April, 2020, 12:07 pm

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World Bank sees 'major global recession' due to pandemic

“We intend to respond forcefully and massively with support programs, especially for poor countries,” Malpass said

Reuters
04 April, 2020, 08:50 am
Last modified: 04 April, 2020, 12:07 pm
A logo of the World Bank. Photo: Collected
A logo of the World Bank. Photo: Collected

World Bank Group President David Malpass on Friday said the rapidly spreading COVID-19 pandemic was expected to cause a "major global recession" that would likely hit the poorest and most vulnerable countries the hardest.

"We intend to respond forcefully and massively with support programs, especially for poor countries," Malpass said in a posting on the LinkedIn networking site, adding that he planned to speak soon with the leaders of Ethiopia, Kenya and other countries.

World+Biz / Top News / Global Economy

World Bank / World Bank President David Malpass / global recession

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