Discuss the wold economy on a tightrope.

The global economy is now experiencing the deepest recession since the Great Depression in the 1930s, with GDP declines of more than 20% and a surge in unemployment in many countries. Even in countries where containment measures have been relatively light, early data are already making clear that the economic and social costs of the pandemic will be large. Growth prospects depend on many factors, including how COVID-19 evolves, the duration of any shutdowns, the impact on activity, and the implementation of fiscal and monetary policy support. Uncertainty will likely prevail for an extended period. Given this uncertainty, two scenarios have been developed to reflect the possible evolution of the global economy. In the double-hit scenario, it is assumed that renewed shutdowns are implemented before end of 2020, following another surge of the COVID-19 virus.Instructions:Open the following link, read the full report: http://www.oecd.org/economic-outlook/june-2020/Write no less than five (5) facts about the Covid-19 Global Recession that calls your attention the most about the global impact of the crisis.Add a short opinion for each of the five facts in terms of your personal expectations and predictions for the end of the economic crisis.Write a short paragraph about Canada and the effects on economic growth, inflation and unemployment effects of the economic crisisChoose another country off your interest mentioned in the report and do the same as in point #4 of the instructionsMake sure to read the “discussion panel rubric” and follow any particular requirements for discussionsExternal links:https://www.ctvnews.ca/mobile/business/economy-on-a-tightrope-oecd-calls-this-worst-peacetime-recession-in-a-century-1.4977543https://www.oecd-ilibrary.org/sites/0d1d1e2e-en/index.html?itemId=/content/publication/0d1d1e2e-enhttps://business.financialpost.com/news/economy/world-bank-predicts-worst-recession-in-80-years-amid-coronavirus