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âš¡World Bank Projects Global Economy to Shrink by 5.2% in 2020 Amid COVID-19 Pandemic

By IANS

Economic activity in advanced economies is anticipated to contract 7 per cent in 2020 as domestic demand and supply, trade, and finance have been severely disrupted, the report released on Monday said. The US economy is projected to shrink by 6.1 per cent this year, while Euro Area could see a 9.1-per cent contraction, Xinhua news agency reported.

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