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World Bank sees 'major global recession' due to pandemic
World Bank Group President David Malpass said the rapidly spreading COVID-19 pandemic was expected to cause a ‘major global recession’ that would likely hit the poorest and most vulnerable countries the hardest.
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“We intend to respond forcefully and massively with support programs, especially for poor countries,” Malpass said in a posting on the LinkedIn networking site, adding that he planned to speak soon with the leaders of Ethiopia, Kenya and other countries, according to Reuters.
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