a) 5.2 percent
b) 6.2 percent
c) 5.1 percent
d) 5.8 percent
The Global Economy is predicted to shrink by 5.2 percent in 2020, which is the deepest plunge since the Second World War, according to the forecasts of the World Bank. The severe contraction in the global economy is a result of the massive shutdown measures evoked across the world to contain the coronavirus pandemic.