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8.8K views · 93 reactions | Global recession will be ‘way worse’ than 2008 crisis: IMF | #Coronavirus #Live #Updates: https://bit.ly/2UEY03K | The Economic Times | Facebook
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What will the coronavirus mean for the world economy? Former US Treasury Secretary Larry Summers says he wouldn't be surprised if it causes a recession of the kind we saw in '08 and '09. With workers staying home, public events and flights canceled, we're looking at a "breakdown of the whole mechanism of exchange on which an economy depends," he says. You can see our full conversation about coronavirus and the economy on GPS, at 10 a.m. and 1 p.m. ET Sunday on CNN. | Fareed Zakaria
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