OECD outlined two equally probable scenarios, single- and double- coronavirus hit
<p>OECD outlined two “equally probable scenarios” for the world economy in a report released today. In the “single-hit scenario”, second wave of coronavirus pandemic is avoided. Global economic activity would fall -6% in 2020, with unemployment rates jumping to 9.2%, up from 5.4% in 2019. “living standards fall less sharply than with a second wave […]</p>
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