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

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

The global economy will contract at least 6%, even if there is no second wave of infections, before it emerges next year from a coronavirus-inflicted recession, the OECD said. In the case of a second wave of contagion later in the year, economic output could shrink by as much as 7.6%, it warned. GDP growth should resume in 2021, by 5.2% if the virus is contained, and 2.8% if there is another wave.

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