Virus slump expected to rival big recessions in history

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A sparsely occupied Fifth Avenue, usually bustling with traffic, appears at midday on Wednesday, March 18, 2020 in New York. (Photo by Evan Agostini/Invision/AP)

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LONDON (AP) — The coronavirus-related recessions around the world are going to be bad. And for some of the world’s major industrial nations the worst that anyone alive has experienced, according to analysts at Deutsche Bank. In a wide-ranging report using data that in parts goes back 800 years, Deutsche Bank analyst found that the downturns are in many cases set to be deeper than those endured in the immediate aftermath of the global financial crisis 12 years ago — and then some. The say that the expected decline in the U.S. this year would be the 9th largest since 1900. For Germany, it would be the 10th worst since 1851.