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":"574af3e1a0fb9c8f3f2a9f9c88e7b349","s":"a201afb2446b94d1"}
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