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Coronavirus: Hit to global economy 'will be less than expected' in 2020

from BBC News

The damage to the global economy this year will be less than previously expected, but still "unprecedented", a leading international body says. The Organisation for Economic Cooperation and Development now predicts a decline of 4.5% in 2020, versus the 6% drop forecast in June. It means it no longer expects the UK to have the deepest contraction of the major G20 economies this year. But the 10.1% drop would still make Britain one of the hardest hit. more


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