Massive risks to world economy as virus battle rages

London (AFP) – The coronavirus outbreak and resulting lockdown of billions of people threatens the global economy to the point where economists are predicting the most violent recession in recent history, perhaps even eclipsing the Great Depression. The crash will almost certainly be accompanied by a surge in unemployment, especially in countries with weaker worker rights, such as the United States. Ahead of Thursday’s emergency virtual G20 meeting, here are the key concerns.RECESSION OR DEPRESSION?”The G20 economies will experience an unprecedented shock in the first half of this year and wil…

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