Tag: Depression
Written by Gabriel HerveyApril 10, 2020
World faces worst crisis since Great Depression: IMF chief
News Business Article
WASHINGTON: The global coronavirus pandemic has inflicted an economic crisis unlike any in the past century and will require a massive response to ensure recovery, IMF chief Kristalina Georgieva said on Thursday (Apr 9). The warnings about the damage inflicted by the virus already were stark, but Georgieva said the world should brace for “the worst
Written by Gabriel HerveyMarch 23, 2020
Echoes of Great Depression as Australian jobless queue for help
News Business Article
SYDNEY: Jobless Australians flooded unemployment offices around the country Monday (Mar 23) as Prime Minister Scott Morrison warned the coronavirus pandemic would cause an economic crisis akin to the Great Depression. After a record 29 years of economic growth, Australia is poised to spiral into recession as the global coronavirus outbreak wreaks havoc on the
