The global economy is expected to shrink by about 5.2% in 2020 as a result of the coronavirus pandemic, making it one of the four most severe downturns in 150 years, the World Bank said Monday. Never before have so many countries entered a recession at once, even during three more severe episodes—the Great Depression and the downturns following the two world wars, the bank said.

Source: Wall Street Journal June 08, 2020 15:45 UTC