News U.N. report forecasts 3.2% economic drop The world economy is projected to shrink by 3.2 percent in 2020 — its biggest contraction since the 1930s Great Depression — due to the pandemic. By Arete News - May 13, 2020 A Tesla assembly line (AN/Steve Jurvetson) You need to login to view this content. Please Login. Not a Member? Join Us