- The virus outbreak has become one of the biggest threats to the global economy and financial markets.
- Major institutions and banks have cut their forecasts for the global economy, with the Organisation for Economic Co-operation and Development being one of the latest to do so.
- Meanwhile, fears of the corona-virus impact on the global economy have rocked markets worldwide, with stock prices and bond yields plunging.
- In a March report, the OECD said it downgraded its 2020 growth forecasts for almost all economies.
- - Photo Source : https://www.cnbc.com/
The ongoing spread of the new coronavirus has become one of the biggest threats to the global economy and financial markets.
Impact of this on global economic growth is going to be huge. The Organisation for Economic Co-operation and Development (OECD) has halved the global gross domestic product (GDP) growth projection for 2020 due to Coronavirus.
Global stock markets have fallen sharply as investors continue to worry about the broader economic effects of the coronavirus.
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