Statsguru: The trail of Covid-19 destruction and a resulting recession

According to the International Monetary Fund, the pandemic is expected to cause the biggest recession since the Great Depression

The Covid-19 pandemic is ravaging the world economy, and has already infected 2,343,293 people. While 161,330 have died because of the pandemic, 602,793 have recovered. So, humanity will eventually prevail (chart 1). However, what the pandemic will leave behind is a trail of destruction in economic activity across the world.

The global economy will contract, except maybe China and India (chart 2). According to the International Monetary Fund (IMF), the pandemic is expected to cause the biggest recession since the Great Depression. Consequently, Budget deficits of countries will widen,