'Great Lockdown' to rival Great Depression with 3% hit to global economy, says IMF

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'Great Lockdown' to rival Great Depression with 3% hit to global economy, says IMF
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Latest World Economic Outlook describes shock of coronavirus pandemic as ‘like no other’

The International Monetary Fund has slashed its forecasts for global growth in response to the Covid-19 pandemic and warned of a slump in output this year unparalleled since the Great Depression of the 1930s.

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