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Representative image/AFP Photo
The global economy is facing "staggeringly large" losses from the coronavirus pandemic and the recovery is hampered by a shortage of resources, World Bank President David Malpass said Tuesday.
The initial estimate of $5 trillion in economic value destroyed by the measures against COVID-19 likely falls far short of the actual damage, Malpass told AFP in an interview.
The crisis will also force developing nations to rethink the structure of their economies, he said.
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