nprnews_____ = ||| lubuntu at wor2|||World Bank: Global Recession Is The Deepest In Decades||| kickerpage = |||no kicker pagenpr for NPRNEWS||| summarynpr = |||The World Bank issues a report this week detailing the extent of the recession, the first caused solely by a pandemic. Its findings are sobering — but do offer a glimmer of hope.

Boys walk past shuttered businesses in the township of Khayelitsha in Cape Town, South Africa, during the coronavirus lockdown. The recession is the first triggered solely by a pandemic and is characterized by the World Bank as the “deepest in decades.” Lower-income countries are particularly hard-hit.

Tommy Trenchard for NPR

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Tommy Trenchard for NPR

Goats and Soda

World Bank: Global Recession Is The Deepest In Decades

The World Bank issues a report this week detailing the extent of the recession, the first caused solely by a pandemic. Its findings are sobering — but do offer a glimmer of hope.