UN chief warns of likely global recession as Covid-19 measures fall short
‘We are in an unprecedented situation and the normal rules no longer apply’
19 March 2020 - 20:47
New York — UN secretary-general Antonio Guterres warned on Thursday that a global recession “is a near certainty” and current national responses to the coronavirus pandemic “will not address the global scale and complexity of the crisis”.
“This is a moment that demands co-ordinated, decisive, and innovative policy action from the world's leading economies,” Guterres said via a video conference. “We are in an unprecedented situation and the normal rules no longer apply.”..
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