CORONAVIRUS PANDEMIC WILL CAUSE THE WORST RECESSION, OECD WARNS

Highlights

• Business activity has observed a steep decline due to strict lockdowns and travel restrictions
• The effects will be long-lasting, recovery will be slow  

The Organization for Economic Cooperation and Development (OECD) warned on Wednesday that the COVID – 19 pandemic will cause the worst recession in 100 years.

The OECD summarized in its Economi....