"The global economy has taken a hard hit due to Covid-19. The IMF in its recently released World Economic Outlook, June 2020 has reported that the global economy is expected to contract by 4.9% in 2020, the impact would be much larger than what we have seen during the global financial crisis of 2008."source https://economictimes.indiatimes.com/industry/banking/finance/banking/if-the-economy-opens-up-fully-chances-of-recovery-are-very-good-a-s-rajeev-ceo-bank-of-maharashtra/articleshow/77049902.cms
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