The International Monetary Fund has said that the coronavirus pandemic will cause the world's worst economic catastrophe since the Great Depression in the 1930s. It will vastly surpass what happened in 2009 during the recession. If there's a silver lining, it's that the recovery from what the Fund calls "The Great Lockdown" is set to be much faster than what we saw in 2010. Here's a comparison of the dip and the recovery between then and now, for some of the world's largest economies, based on IMF data and projections.
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The Graphic Truth: COVID-19 pandemic vs 2009 recession
Gabriella Turrisi
Alex Kliment
Alex wears a few different caps and tips them all regularly. He writes for the GZERO Daily, works as a field correspondent for GZERO's nationally syndicated TV show GZERO WORLD WITH IAN BREMMER, and writes/directs/voices GZERO's award-winning puppet satire show PUPPET REGIME. Prior to joining GZERO, Alex worked as an analyst covering Russia and broader Emerging Markets for Eurasia Group. He has also written for the Financial Times from Washington, DC, and Sao Paulo Brazil. In his spare time, he makes short films and composes scores for long ones. He studied history and Slavic literature at Columbia and has a Master's from Johns Hopkins SAIS. He's a native New Yorker, a long-suffering Mets fan, and owns too many bicycles.
