Global recession a certainty, says UN chief

Global recession a certainty, says UN chief


The United Nations Secretary-General, Mr. Antonio Guterres, warned on Thursday that a global recession 'is a near certainty' and current national responses to the coronavirus pandemic 'will not address the global scale and complexity of the crisis.'

'This is a moment that demands coordinated, decisive, and innovative policy action from the world's leading economies,' Mr. Guterres told reporters via a video conference. 'We are in an unprecedented situation and the normal rules no longer apply. A global recession' perhaps of record dimensions is a near certainty,' he said.