The global economy this year is likely suffer the worst financial crisis since the Great Depression, said the International Monetary Fund on Tuesday, as governments worldwide grapple with the Covid-19 pandemic.
In economics, a recession is a business cycle contraction when there is a general decline in economic activity. The Washington-based organization now expects the global economy to contract by 3% in 2020.
Entrepreneurship is about finding and creating opportunities in places others have overlooked or written-off.
While others run away from the chaos, there will be many opportunities to deliver real value to the world.
History has proven that recessions have served as the launchpad for some of the world’s most incredible businesses.
Here are some famous brands and startups ie. online businesses, industry disruptors and platform providers, which were launched during the last recession in 2008.