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24
Jun
On Wednesday the OECD published its twice-yearly economic forecast, the first since the COVID-19 pandemic brought the global economy to a rapid halt.
In its announcement, the OECD acknowledges and welcomes the various economic, health and containment measures introduced by national governments to prevent the virus’ spread but warned of the “most severe recession in nearly a century.”
While restrictions are easing and economies are reopening, the club of the 100 richest economies cautioned against too much optimism in the continued absence...