OECD Sounds The Alarm, Warns Global Growth Could Shrink “By Half” Thanks To Coronavirus

Posted on March 2, 2020 3:58 am
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URL https://www.newswars.com/oecd-sounds-the-alarm-warns-global-growth-could-shrink-by-half-thanks-to-coronavirus/ 

As the coronavirus spread across the world over the last six weeks, the IMF and WHO have in many ways played down the fallout from the outbreak.

In the beginning, the WHO memorably hesitated to declare the outbreak a “Public Health Emergency of International Concern (PHEIC)”.

More recently, Director-General Dr. Tedros has urged government officials to avoid using the “p-word” for fear of a default in the two tranches of “pandemic bonds” that the organization issued a few years ago, a move that could wipe out the nascent market for WHO debt at a time when the