The OECD has lowered its global growth forecast

Since the economic and financial crisis, the world economy is expected to suffer the biggest decline due to the outbreak of the coronavirus – according to the Paris-based Organization for Economic Cooperation and Development (OECD) interim report on the global economy.

According to the OECD, global economic growth, after the 2.9 percent of last year, may be around 2.4 percent this year, the lowest since 2009. The OECD worsened its previous global GDP growth forecast last November by 0.5 percentage points from 2.9 percent. (MTI)