Economics
Virus Pushes the Global Economy Closer to a Contraction
- OECD slashes 2020 economic forecast to 2.4% from 2.9%
- Sees need for coordinated action if situation doesn’t improve
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Global economic growth will sink to levels not seen in over a decade as the coronavirus outbreak hammers demand and supply, challenging central banks and governments to respond to a fast-changing situation, according to the OECD.