The OECD sounded the alarm about coronavirus on Monday, warning that it could halve global economic growth this year from its previous forecast.
The Paris-based group lowered its central growth forecast from 2.9 per cent to 2.4 per cent, but said a “l(fā)onger lasting and more intensive coronavirus outbreak” could slash growth to 1.5 per cent in 2020.
It defined a more intensive outbreak as one that spread “widely” throughout the Asia-Pacific region, Europe and North America and issued its warning as new cases were reported around the world and the death toll continued to climb.
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