The COVID-19 pandemic has pushed the world into recession. The 2020 crisis will be worse than the global financial crisis. Economic damage is mounting across all countries, following the sharp rise in new infections and government control measures.
China was the first country to experience the full force of the disease, with over 60,000 confirmed active cases by mid-February. European countries such as Italy, Spain and France are now in the acute stages of the epidemic, followed by the United States where the number of active cases is growing rapidly. In many developing markets and developing economies, the epidemic seems to be starting now.
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