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Economic depression

Economic depression latest

OECD: World Set for the Most Severe Economic Recession in Nearly a Century
June 11th, 2020 - 07:00 GMT

OECD: World Set for the Most Severe Economic Recession in Nearly a Century

The global economy will contract at least six per cent this year due to the pandemic crisis "without precedent in living memory", triggering the most severe economic recession in nearly a century, the Organisation for Economic Cooperation and Development (OECD) said on Wednesday, warning that recovery will be "slow and uncertain" The OECD said in its latest outlook that in the case of a second wave of contagion later in ...
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