Current Affairs - Banking - Discussion

Discussion :: Banking - Latest Current Affairs (Q.No.241)

241. 

The World Bank has projected that the Global Economy will witness the deepest ever recession and the economy is expected to shrink by around how much percent in 2020?

[A]. 3.2%
[B]. 2.2%
[C]. 4.2%
[D]. 5.2%

Answer: Option D

Explanation:

The World Bank has projected that the Global Economy will witness the deepest ever recession since the World War II. The economy is expected to shrink by around 5.2% in 2020. This contraction in the economy is the result of shutdowns and lockdowns imposed across the world by economies to contain the COVID-19 pandemic.

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