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Coronavirus: Hit to global economy 'will be less than expected' in 2020

Sep 16, 2020 - BBC

The damage to the global economy this year will be less than previously expected, but still "unprecedented", a leading international body says.

The Organisation for Economic Cooperation and Development now predicts a decline of 4.5% in 2020, versus the 6% drop forecast in June.

It means it no longer expects the UK to have the deepest contraction of the major G20 economies this year.

But the 10.1% drop would still make Britain one of the hardest hit.

The revision for 2...