The OECD, a multilateral government-funded think tank based in Paris, this week slashed its global growth
forecast due to coronavirus from 2.9 per cent to 2.4 per cent.
And it said global growth could fall to just 1.5 per cent if the virus proves more serious than it currently
expects.
Other international forecasters such as the International Monetary Fund are expected to follow in
downgrading there growth forecasts due to the economic impact of Covid-19.
In the absence of an extraordinary bounce back in the economy later in the year, 2020 is likely to see the
worst year for global GDP growth in more than a decade.