RE: David Wilson10 Jun 2020 14:01
The report, by the Organisation for Economic Cooperation and Development (OECD), warns the impact of coronavirus and lockdowns will be "dire" everywhere - with the global economy shrinking by as much as 7.6% this year.
Without a second wave, the OECD expects the world economy to contract by 6%, with all countries suffering a deep recession. It cautioned that the recovery will be slow. The stock markets are way over priced they are only being held up by the governments once furlough etc ends and redundancies kick in will see huge retract.