Tag Archives: World economy to shrink by 3.2% by midyear – UN report

The United Nations (UN) Department of Economic and Social Affairs (DESA) has said the gross domestic product (GDP) in developed countries will plunge 5.0 percent by mid-2020. The World Economic Situation and Prospect (WESP) report has also noted that the output of developing countries will shrink by 0.7 percent. “The global economic outlook has changed drastically since the launch of ...

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