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The global coronavirus recession
The coronavirus outbreak has now evolved into a pandemic with serious consequences for the world economy. The situation has been evolving almost on a daily basis with still more countries closing borders and locking down societies to contain the diffusion of the virus. Also on an almost daily basis finance ministers and central banks around the world has eased economic policy globally at an unprecedented scale to mitigate the economic consequences of the coronavirus outbreak. This obviously makes it incredibly difficult to assess the impact of the coronavirus outbreak on growth globally. However, incoming data from ... (full story)