Several countries at risk of recession as Covid-19 spreads around the world
An escalation in the coronavirus outbreak could cut global economic growth in half and plunge several countries into recession this year, the Organisation for Economic Cooperation and Development has warned.
Sounding the alarm as the disease spreads around the world and rattles investors, the OECD said that global GDP growth could plunge this year to as little as 1.5%, almost half the 2.9% rate it forecast before the outbreak took hold.
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