World economic situation to get worse.4 Mar 2020 08:20
“Think tank says growth could collapse as low as 1.5% in worst case scenario
The think tank has forecast growth of just 2.4% in 2020, down from 2.9% in November. However, it warned that a prolonged and “more intensive” outbreak could halve growth to 1.5%.
“The main message from this downside scenario is that it would put many countries into a recession, which is why we are urging measures to be taken in the affected areas as quickly as possible,” said Laurence Boone, the OECD's chief economist.
However, the think tank said that even in a “best case” scenario, there would be a “sharp slowdown” in world growth for the first half of this year as supply chains and commodities are hit, tourism falters, and confidence collapses.
The Guardian says the OECD has also called for greater support for healthcare systems and workers, and for nations to protect the incomes of their most vulnerable social groups and businesses.”
The guardian yesterday from HL website
This and people starting dying in the US, should surely put pressure on FDA to speed up approval, not to mention the US co partnering with nyct if, as other have suggested, the FDA would favour US cos.