World economy to contract at least 6% in 2020, says OECD | The Malaysian Insight

The Times Square is deserted during lockdown in New York City, New York, USA, on June 7, 2020. OECD predicts the world economy will contract at least 6% this year due to economic shutdowns to contain the coronavirus outbreak. – EPA pic, June 10, 2020.

THE global economy will contract at least 6% this year due to economic shutdowns to contain the coronavirus outbreak, the OECD said today, warning that recovery will be “slow and uncertain”. In the case of a second wave of contagion later in the year, world economic output could shrink by as much as 7.6% in 2020, it said.

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OECD: World economy to contract at least 6% in 2020 | New Straits TimesPARIS: The global economy will contract at least six percent this year, with the unprecedented loss of income and 'extraordinary uncertainty' caused by measures to contain the coronavirus outbreak, the OECD said Wednesday.
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