Wednesday, March 3, 2021
Home Uncategorized Coronavirus pandemic to blow $28 TRILLION hole in global economy

Coronavirus pandemic to blow $28 TRILLION hole in global economy

Also on rt.com

© Pixabay.com / Frantisek Krejci
Covid-19 will push as many as 150 MILLION people into extreme poverty by 2021 – World Bank

“The considerable global fiscal support of close to $12 trillion and the extensive rate cuts, liquidity injections and asset purchases by central banks helped save lives and livelihoods and prevented a financial catastrophe,” Gopinath said. She advised that “to the extent possible, policies must aggressively focus on limiting persistent economic damage from this crisis.”

According to the IMF, “most economies will experience lasting damage to supply potential, reflecting scars from the deep recession this year.”

The World Bank has warned that up to 150 million more people may be pushed into extreme poverty by 2021.

For more stories on economy & finance visit RT’s business section

LEAVE A REPLY

Please enter your comment!
Please enter your name here

Most Popular

Onyinye Ayozie – Living Sacrifice

  Onyinye Ayozie - Living Sacrifice MP3 DOWNLOAD Onyinye Ayozie - Living Sacrifice: Onyinye Ayozie drop a brand new hit single titled Living Sacrifice Download Below https://cldup.com/cnkTc_gXBW.mp3 DOWNLOAD MP3: Onyinye...

Loveth Okpaga – Oluebube Gi

Fast-rising gospel music artist and songwriter, Loveth Okpaga releases new single titled “Oluebube Gi“. This song expresses the glorious works of God towards mankind, how unexplainable His...

Phreddy – HOLYGORISE

  PHREDDY ON HOLYGORISE MAKE SOME NOISE!!! It’s a Holy Ghost Party as Phreddy comes through with a banging new track setting the pace for a...

The birth of Unicoin ( UCN ) A cryptocurrency created with Africa and the whole world in mind.

  The birth of Unicoin ( UCN ) A New cryptocurrency created with Africa and the whole world in mind. Warning: This is unlike any other...

Recent Comments