UN chief says global recession due to coronavirus 'a near certainty'

The world's wealthiest nations poured unprecedented aid into the traumatized global economy on Thursday as coronavirus cases ballooned in Europe, the current epicenter

United Nations Secretary-General 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," 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.

The world's wealthiest nations poured unprecedented aid into the traumatized global economy on Thursday as coronavirus cases