President of the Black Sea Trade and Development Bank: We are at the start of a global recession

The COVID-19 pandemic will determine an economic contraction, probably the greatest after the Great Depression of 1929, and the recovery will be decided by the length of this period of blockage, says Dmitry Pankin, President of the Black Sea Trade and Development Bank (BSTDB)."We are at the start of a global recession. It's clear that the decrease of economic activity, the closing of shops and factories, the nearly complete elimination of tourism, hospitality and ...

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