Virus economic impact

A currency dealer wearing a face mask reacts as he monitors exchange rates in front of a screen showing South Korea's benchmark stock index in a trading room at KEB Hana Bank in Seoul on March 13, 2020. (Photo by AFP)

The world’s largest central banks have taken measures to stymie the impact of the fast-worsening coronavirus crisis, but to little avail.

Some experts are warning that global recession chances are rising as the situation feels a lot like 2008 when the world plunged into a severe financial crisis.


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