Long-lasting global recession likely due to COVID-19, says World Economic Forum report
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LONDON (Reuters) - Risk managers expect a prolonged global recession as a result of the coronavirus pandemic, a report by the World Economic Forum showed on Tuesday. Two-thirds of the 347 respondents to the survey - carried out in response to the outbreak - put a lengthy contraction in the global economy top of their list of concerns for the next 18 months.Half of risk managers expected bankruptcies and industry consolidation, the failure of industries to recover and high levels of unemployment,..