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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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First Half Technical Recession a Real Risk for Global Economy: NatWest
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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.