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Economic Crisis






As COVID-19 started to spread around the world, most businesses, shops, and schools have closed. As a result, every state is subject to significant expansion downgrades. East Asia and the Pacific will increase by a scant 0.5%. South Asia will develop by 2.7%, Sub-Saharan Africa by 2.8%, Middle East, and North Africa by 4.2%, Europe and Central Asia by 4.7%, and Latin America by 7.2%. These recessions are likely to reverse years of improvement in the direction of advancement goals and tip tens of millions of people back into severe poverty.



Source: https://www.worldbank.org/en/news/feature/2020/06/08/the-global-economic-outlook-during-the-covid-19-pandemic-a-changed-world

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