Stock markets around the world suffered historic losses in the first three months of the year amid a massive sell-off tied to the coronavirus.
The S&P 500 lost 20% during the quarter, its worst since 2008.
The drops come as authorities order a halt to most activity in an effort to slow the spread of the virus, reports BBC.
Economists have warned the hit to the global economy is likely to be worse than the financial crisis, with forecasters for IHS Markit, for example, predicting growth will shrink 2.8% this year, compared to a 1.7% drop in 2009.
No country has been left untouched. The data firm expects China's growth to sputter to 2%, while the UK could see growth drop 4.5%. The outlook for countries such as Italy and less developed economies is even worse.
In the US, one central bank analysis suggested the unemployment rate could rise to more than 32% over the next three months, as more than 47 million people lose their jobs.
Governments have pledged massive rescue funds, which has helped to lift share prices in recent days.