Global And Us Financial And International Exchange Outlook And Forecasts

Unlike the Great Recession, it’s anticipated that the COVID-19 recession may even have an effect on the overwhelming majority of developing nations. On 21 April, the United Nations World Food Programme warned that a famine “of biblical proportions” was expected in a quantity of parts of the world on account of the pandemic. The release of 2020 Global Report on Food Crises indicated that 55 nations were in danger, with David Beasley estimating that in a worst-case situation “about three dozen” nations would succumb to famine.