What will be the economic impact of COVID-19 (and should we care)?
The coronavirus pandemic will likely lead the world to face its worst financial crisis since the Great Depression.
The International Monetary Fund projects global growth in 2020 to fall to -3 percent. This is a downgrade of 6.3 percentage points from January 2020, a major revision over a very short period. This makes the Great Lockdown the worst recession since the Great Depression.