The covid-19 outbreak has led to a global recession that is worse than the global economic crisis, the international monetary fund (imf) said Tuesday. "All countries are facing increasing economic losses." The international monetary fund said the outbreak was hitting the us economy with "unprecedented speed and severity". The trend of rising unemployment in the us was not seen even during the global financial crisis.

The international monetary fund noted that China's recovery, while limited, was "encouraging." This shows that quarantine measures can effectively control the spread of the virus and prepare for the resumption of economic activity.

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