OECD: 'Governments must act now' on 'severe' coronavirus impact
Growth to fall to 1.5%
The OECD predicts a "severe, short-lived downturn" in China, while Japan, Korea and Australia will also be "hit hard"
The OECD has urged global governments to “act now” to cushion the “severe” economic impact of the coronavirus crisis, warning that global growth could halve from levels projected before the outbreak to 1.5%.
In a statement on Monday (2 March) the intergovernmental economic organisation said global governments must step in to boost investment and accelerate the recovery of affected industries, such as healthcare,...
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