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Coronavirus pandemic has already put global economy into recession: Poll

More than three-quarters of economists based in the America, and Europe polled this week

Coronavirus | Global economy | world economy

Reuters  |  Bengaluru 

The global economy is already in a recession as the hit to economic activity from the coronavirus pandemic has become more widespread, according to economists polled by Reuters amid a raft of central bank stimulus actions this week. The spread of the disease caused by the virus, Covid-19, has sent financial markets into a tailspin despite some of the biggest emergency stimulus measures since the global financial crisis announced by dozens of central banks across Europe, the America, Asia and Australia. The panic was clear in stocks, bonds, gold and commodity prices, underlining ...

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First Published: Fri, March 20 2020. 10:31 IST