Corona is to cause “major global recession”: WB


Reuters, Washington

World Bank Group President David Malpass has said the rapidly spreading COVID-19 pandemic was expected to cause a “major global recession” that would likely hit the poorest and most vulnerable countries the hardest.

“We intend to respond forcefully and massively with support programs, especially for poor countries,” Malpass said in a posting on the LinkedIn networking site on Friday, adding that he planned to speak soon with the leaders of Ethiopia, Kenya, and other countries.

Leave a Reply

Your email address will not be published. Required fields are marked *