GENEVA: World Health Organization (WHO) Director General Tedros Adhanom Ghebreyesus said that although the situation in Europe was improving, globally the coronavirus disease (Covid-19) pandemic was worsening. “Almost 7 million cases of Covid-19 have now been reported to the WHO and almost 400,000 deaths,” he said. The World Bank said the pandemic had caused the broadest collapse of the global economy since 1870, despite unprecedented government support. Worst recessionThe coronavirus pandemic inflicted a “swift and massive shock” that has caused the broadest collapse of the global economy since 1870 despite unprecedented government support, the World Bank said Monday. Under the worst-case scenario, the global recession could mean a contraction of eight percent, according to the report.

Source: Manila Times June 09, 2020 16:07 UTC