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The most severe recessions of all time

Lovemoney Logo By Daniel Coughlin of Lovemoney | Slide 1 of 31: The coronavirus pandemic has triggered the deepest planetwide recession in decades, with the World Bank warning global GDP could contract by a painful 5.2% this year. Yet while the slump is likely to be harsh, this is not the first time the world has faced financial disaster. Click or scroll through to find out more about the 10 most severe economic downturns of times past.

Catastrophic economic downturns that rocked the world

The coronavirus pandemic has triggered the deepest planetwide recession in decades, with the World Bank warning global GDP could contract by a painful 5.2% this year. Yet while the slump is likely to be harsh, this is not the first time the world has faced financial disaster. Click or scroll through to find out more about the 10 most severe economic downturns of times past.

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