COVID-19

World Bank: COVID-19 recession is expected to be twice as bad as the 2009 financial crisis

Output from EMDEs is expected to contract in 2020 for the first time in at least 60 years. Image: REUTERS/Luc Gnago

Ayhan Kose

Director, Development Prospects Group

Naotaka Sugawara

Senior Economist, World Bank

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Coronavirus Covid-19 virus infection China Hubei Wuhan contagion spread economics dow jones S&P 500 stock market crash 1929 depression great recession
Global recessions compared. Image: World Bank
Coronavirus Covid-19 virus infection China Hubei Wuhan contagion spread travel trade health industry economics
GDP contractions during major recession. Image: World Bank
Coronavirus Covid-19 virus infection China Hubei Wuhan contagion spread economics dow jones S&P 500 stock market crash 1929 depression great recession
Retail sales volume during global recessions. Image: World Bank
Coronavirus Covid-19 virus infection China Hubei Wuhan contagion spread travel trade health industry economics
Oil consumption during global recessions. Image: World Bank
Coronavirus Covid-19 virus infection China Hubei Wuhan contagion spread economics dow jones S&P 500 stock market crash 1929 depression great recession
Image: World Bank
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COVID-19Economic ProgressGeo-economics
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