Economics
Global Downturn Risks Becoming Prolonged Recession, WEF Says
- Inequality, unemployment, climate setbacks are related risks
- Rebuilding should focus on inclusivity, sustainability
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Leaders need to do more to secure a quick and sustainable recovery for the global economy, according to the World Economic Forum.
In a survey of almost 350 risk professionals, the Geneva-based group said that two-thirds identified a drawn-out downturn as the greatest risk now facing the world over the coming year and a half. The pandemic has already thrown the economy into its deepest recession since the Great Depression and provoked a massive monetary and fiscal response.