"The Global Recession Could Last a Long Time"
"The worldwide economic downturn could be especially deep and lengthy.
The world is almost certainly ensnared in a devastating recession delivered by the coronavirus pandemic.
Now, fears are growing that the downturn could be far more punishing and long lasting than initially feared, potentially enduring into next year, and even beyond.
The abrupt halt of commercial activity threatens to impose economic pain so profound and enduring in every region of the world at once that recovery could take years.
The losses to companies, many already saturated with debt, risk triggering a financial crisis of cataclysmic proportions.
This is already shaping up as the deepest dive on record for the global economy for over 100 years."
https://www.nytimes.com/2020/04/01/b...recession.html