World economy to contract at least 6% in 2020: OECD | AFP

The global economy will contract at least six percent this year due to economic shutdowns to contain the coronavirus outbreak, the OECD (Organisation for Economic Co-operation and Development) said Wednesday. SOUNDBITE

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OECD cuts forecast for global growth to 3.2%

The OECD cuts its forecast for the world economy, urging governments to resolve their trade disputes as the latest flare-up in the China-US trade war threatens to crimp global growth. Governments “must act urgently to reinvigorate growth that benefits all,” the Organisation for Economic Co-operation and Development says as it pared back its forecast for global growth to 3.2 percent this year from 3.3 percent earlier. SOUNDBITE