The OECD warns the world economy will collapse by 4.5% this year, in its worst slowdown since World War Two

Sep 16, 2020 - Business Insider

The global economy faces the prospect of the most dramatic collapse this year since the second World War, as the coronavirus pandemic rampages through the world population, the Organization for Economic Cooperation and Development said on Wednesday.

In its latest economic outlook on Wednesday, the OECD said the world economy will contract by 4.5% this year, an improvement on its most recent prediction of 7.6% in the event of a second coronavirus wa...