Summary/Abstract |
The COVID-19 pandemic has inflicted massive human casualties and economic losses all across the world. A great deal of damage was done by the pandemic to China, its epicentre, in the first three months of the year 2020. However, in the subsequent months, it took an even heavier toll on Europe and the United States, and is currently gathering its devastating pace through the developing world. As a result, the world economy is witnessing an inevitable slide into recession, projected to be worse than the Global Financial Crisis of 2008.
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