The world economy this year will be in recession for the first time since 2009, writes S&P Global Ratings.
The rating Agency S&P Global Ratings released a report “global recession here and now”. Experts predict that the world economy will be in recession in 2020 due to the coronavirus pandemic. Global GDP growth will be only 1-1. 5%, the Agency predicted.
China’s economy has suffered much more damage than previously thought, despite showing “uncertain” stabilization, s&p said. Continue reading