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The coronavirus outbreak is the biggest threat to the global economy since the financial crisis and could halve growth in 2020, OECD warns

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  • The OECD has warned that the global economy is facing its biggest threat since the financial crisis.
  • Global growth is expected to fall as low as 1.5% this year, halving the OECD’s previous 2020 projection from last November of 3%.
  • Visit Business Insider’s homepage for more stories.

The world economy is in its most “precarious position” since the 2008 financial crisis, the Organization of Economic Co-Operation and Development said in its latest forecast on Monday.

Adding to ongoing concerns about the state of the global economy, OECD’s chief economist Laurence Boone said in a blog post that the organization expects a read more >>>

Source:: BusinessInsider.Com