Regulators ready to act as OECD sounds alarm on coronavirus impact

Pedro Gonçalves
clock • 4 min read

Global central banks promised to act as needed to mitigate the economic impact of the coronavirus as the OECD warned the outbreak could cut global economic growth in half and plunge several countries into recession this year. The Paris-based group lowered its central growth forecast from 2.9% to 2.4%, but said a "longer lasting and more intensive coronavirus outbreak" could slash growth to 1.5% in 2020. It also said the world economy faces its "greatest danger" since the financial crisis more than a decade ago and said a "long lasting" epidemic would risk a worldwide recession. Agains...

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