(NPR) World Bank: Global Recession Is The Deepest In Decades

World Bank: Global Recession Is The Deepest In Decades

Boys walk past shuttered businesses in the township of Khayelitsha in Cape Town, South Africa, during the coronavirus lockdown. The recession is the first triggered solely by a pandemic and is characterized by the World Bank as the "deepest in decades." Lower-income countries are particularly hard-hit.



Tommy Trenchard for NPR


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Tommy Trenchard for NPR

Goats and Soda

World Bank: Global Recession Is The Deepest In Decades

The World Bank issues a report this week detailing the extent of the recession, the first caused solely by a pandemic. Its findings are sobering — but do offer a glimmer of hope.