UN forecasts COVID-19 pandemic to shrink global economy by 3.2% in 2020
Arirang News
2020-05-13
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유엔, 코로나19 충격에 올해 세계성장률 -3.2% 전망
The United Nations says the global economy is expected to shrink by 3-point-2 percent this year as a result of the COVID-19 pandemic.
The UN World Economic Situation and Prospects report published Wednesday explained this would be the sharpest downturn since the Great Depression in the 1930s.
It's also in stark difference from its January forecast.
Back then, the UN estimated the world economy to grow up to 2-point-5 percent in 2020.
The report predicts a modest rebound next year, mostly making up for lost output.
The United Nations says the global economy is expected to shrink by 3-point-2 percent this year as a result of the COVID-19 pandemic.
The UN World Economic Situation and Prospects report published Wednesday explained this would be the sharpest downturn since the Great Depression in the 1930s.
It's also in stark difference from its January forecast.
Back then, the UN estimated the world economy to grow up to 2-point-5 percent in 2020.
The report predicts a modest rebound next year, mostly making up for lost output.
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