Earlier this week, the International Monetary Fund, in its quarterly World Economic Outlook, sounded a dire alarm that the COVID–19-induced global economic crisis — dubbed for now the “The Great Lockdown” — will be the most significant since the Great Depression.
Here are some charts that show just how bad it is.
Wow! Thanks for sharing these. It’s truly astounding and historically unprecedented.
One of the upsides to this is that Mother Earth is getting some much needed reprieve from human viruses. I’ve received several pictures of metropolis cities with a before and after snapshot and the air looks visibly clear now that most human activity has been stopped. Where the before pictures showed hazy images due to pollution the after pictures show clear images. The sky actually looks blue instead of a dirty hazy yellow.
A lot of economic data were already in a downtrend, so the trajectory wasn’t looking great prior to the pandemic, the virus just accelerated and amplified the prevelant trend.