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"After World War II, we will face the worst recession." This is what the World Bank said as it lowered its global economic growth rate to -5.2% this year. However, during the night, the New York Stock Exchange in the US rose sharply in anticipation of economic normalization.

Washington Correspondent Kim Soo-hyung reports.

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World Bank's World Economic Outlook report was worse than expected.

In January, we projected that the world economy would grow 2.5%, but it was revised to -5.2% growth in half a year.

I dropped 7.7 percentage points.

At the same time, the media description was titled Corona 19, saying that after World War II, the world would suffer the worst recession.

The World Bank predicts that per capita production will decline in over 90% of countries worldwide.

In developed countries, the growth rate was forecast to be -6.1% in the United States, -9.1% in the Eurozone, and -6.1% in Japan.

China forecasts 1% growth, the lowest growth rate since 1976.

Our growth forecasts are not presented in this report.

However, the New York Stock Exchange rose sharply in anticipation that the US economy would recover faster than expected.

The Dow index climbed over 460 points, and S&P made up for all of the decline this year. 

New York City also initiated a phase 1 normalization of the economy 78 days after the shutdown.

[Governor Cuomo/New York: We are back. We're not just back, we're back in the country's worst situation.] In the

future, New York City will enable partial economic activity in construction, manufacturing, and wholesale and retail transactions, with an estimated estimated 400,000 returning to work.