Economics

Global $6 Trillion Slump May Be Optimistic, Economists Warn

Advanced economies face worst crisis since Great Depression
Global economic output to shrink 4%; U.S. GDP to slump 6.4%

Busy Week for World’s Biggest Central Banks

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By Catherine Bosley

April 27, 2020 at 9:01 AM UTC

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The coronavirus pandemic will cause the global economy to shrink 4% in 2020, according to a Bloomberg Economics estimate that assumes a recovery starts in the second half of the year.