The latest statement from the World Bank forecasts a 5.2% decline in the global economy in 2020 since the onset of the coronavirus lockdown. Never before have so many countries entered a recession at once, as the World Bank’s graph shows.
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Bohdan Ben: The impact of COVID-19 lockdown on Ukraine’s economy
A woman passes by a closed Lukyanivsky market in Kyiv on May 1, 2020.