SINGAPORE (Apr 17): This past week, the International Monetary Fund (IMF) warned that the “Great Lockdown” recession this year will be the steepest contraction in almost a century. If the Covid-19 outbreak prolongs or worsens, global economic growth might contract by more than the 3% decline it now predicts.

Have a premium account? Sign in to continue reading.

Unlimited access to all stories from $99.9/year*

The latest reporting and analysis from business and investments to news and views on social issues.


  • Simultaneous logins across all devices
  • Instant access to past digital issues
  • Unlimited access to The Edge Malaysia
  • *For annual subscription plan only. T&Cs apply