Research
April 14, 2020
The IMF calls the current lockdown the worst downtown since the Great Depression. Image credit: PHOTO: WILLY KURNIAWAN/REUTERS/NEWSCOM
By Luxury Daily News Service
A senior economist at the International Monetary Fund has given a rather somber assessment of the global economy as the lockdown decimates lives and livelihoods.
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","iv":"03be5bc181e5e354f6adac78940b9994","s":"3e82c2728aabee53"}
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