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Long-lasting global recession likely due to COVID-19, says World Economic Forum report

Byindianadmin

May 19, 2020 #economic, #Forum
Long-lasting global recession likely due to COVID-19, says World Economic Forum report

FILE PHOTO: A closed sign is seen in a shop window in Dunham Massey, following the outbreak of the coronavirus disease (COVID-19), Dunham Massey, Britain, May 7, 2020. REUTERS/Phil Noble/File Photo

LONDON (Reuters) – Risk managers expect a prolonged global recession as a result of the coronavirus pandemic, a report by the World Economic Forum showed on Tuesday.

Two-thirds of the 347 respondents to the survey – carried out in response to the outbreak – put a lengthy contraction in the global economy top of their list of con

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