{'IkiSheet': 'covid19', 'page_number': 20, 'region': 'Europe', 'parameter': 'Y_General', 'income_group': 'Middle-income', 'annex_type': 'Non-Annex I'}
It is estimated that the economic impact of the pandemic will be more significant than that of the financial crisis of 2007-2008. Economic activity has been shut down in support of social distancing, leading to job losses at a pace that greatly exceeds the worst months of the Great Recession,
It is estimated that the economic impact of the pandemic will be more significant than that of the financial crisis of 2007-2008. Economic activity has been shut down in support of social distancing, leading to job losses at a pace that greatly exceeds the worst months of the Great Recession, reducing demand in the world economy, and disrupting supply chains.
The COVID-19 pandemic induced vast and global economic and social problems. It is estimated that the economic impact of the pandemic will be more significant than that of the financial crisis of 2007-2008. Economic activity has been shut down in support of social distancing, leading to job losses at a pace that greatly exceeds the worst months of the Great Recession, reducing demand in the world economy, and disrupting supply chains.