Covid-19 may cause deepest economic crisis ‘of our lifetimes’ — WTO chief ...United Arab Emirates

A pandemic caused by the novel coronavirus is likely to spark an unprecedented fall in global trade as well as an economic crisis rivaling the Great Depression, the head of the World Trade Organization (WTO) warns. “We confront what may well be the deepest economic downturn of our lifetimes,” the organization’s Director General Roberto Azevedo said in a grim forecast. “Comparisons with the financial crisis of 2008 and even the Great Depression of the 1930s are inevitable.” Also on rt.com Coronavirus lockdowns shave off almost 30 percent of entire US economy — Moody's

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