Explanation:

• The United Nations has projected the world gross domestic product (GDP) to contract sharply by 3.2 percent in 2020, due to COVID-19 pandemic, the sharpest contraction since the Great Depression in the 1930s.
• The World Economic Situation and Prospect (WESP) mid-2020 report was released on 13 May 2020 by the UN Department of Economic and Social Affairs (DESA).