The Great Depression: what was it and how did it start?

International Monetary Fund warns of worst depression since 1930s due to coronavirus shock

The Great Depression
Unemployed men queue for free food during the 1930s slump
(Image credit: Getty Images)

The coronavirus pandemic will turn global economic growth “sharply negative” this year, according to the head of the International Monetary Fund (IMF).

Kristalina Georgieva has warned that the world is facing the worst economic crisis since the Great Depression of the 1930s, while forecasting that 2021 would only see a partial recovery.

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