The coronavirus crisis will wreak lasting damage on people’s living standards across the world, the IMF has warned
Global economic growth will be the worst since the Great Depression of the 1930s Image
The pandemic will leave significant scars on the global economy in the form of job losses and bankruptcies and entire sectors of the economy will be left unviable Image
Both extreme poverty and inequality are set to increase. Women and less-skilled workers are likely to be the worst affected Image
Governments may need to tax richer people more and ensure companies cannot evade taxes in order to help offset the loss of global output Image

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