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April 04
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The economic downturn amid the SARS-CoV-2 coronavirus pandemic could have worse consequences than the 2008 financial crisis, said Director General of the World Trade Organization Roberto Azevedo

“Recent projections predict an economic downturn and job losses that are worse than the global financial crisis a dozen years ago,” Reuters reported quoting Azevedo.

According to him, concrete forecasts are not yet available but its in-house economists expect “a very sharp decline in trade”.

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