How Badly Can The Corona Crisis Hit The Economy?

How Badly Can The Corona Crisis Hit The Economy?

Nobody can predict that exactly yet. For example, the economic department of the industrialized nation’s association OECD expects a decline in the global economic growth of “only” 0.5 percent. That would require a short period of the epidemic.

Coronavirus: The economic impact

After that, deferred production and demand would pick up again and compensate for shortfalls. In a negative scenario, OECD chief economist Laurence Boone anticipates a 1.5 percent decline in global economic growth. In the worst case, the current crisis could also plunge the global economy into recession.