Global Economic Growth Could Drop By Half Due to Coronavirus
It has been reported that the worldwide economy could grow at its slowest rate in a decade. The Organisation for Economic Cooperation and Development (OECD) has confirmed that the coronavirus outbreak could see this number halved in 2020.
The Prediction
The OECD has revised its predictions for economic growth in 2020 to 2.4%. This would mark a drop from the 2.9% registered in November of last year. It would also be the slowest growth rate seen since 2009.