Coronavirus can halve the growth of the world economy in 2020

The novel Coronavirus triggered epidemic is suppressed, according to the OECD the world economy: The industrial countries-organization expected in the current y

Coronavirus can halve the growth of the world economy in 2020

The novel Coronavirus triggered epidemic is suppressed, according to the OECD the world economy: The industrial countries-organization expected in the current year, a growth of the global economy of 2.4 percent. This is said to half a percentage point less than the last forecast. In the previous year, the economy had grown globally by 2.9 percent.

in Case of the outbreak of the novel Coronavirus takes longer and the Asia-Pacific region, Europe and North America-wide capture, to be feared even greater impact, writes the Organisation for economic co-operation and development (OECD) on Monday in Paris, published the report. "In this case, the global growth in 2020 could fall to 1.5 percent ( ... )," it was said.

For the current first quarter, the OECD does not exclude the possibility that the world economy might even shrink. All of the 20 leading industrial and emerging countries are economically affected. The stronger the Connections to China are, the stronger the impact - for example, in Japan, South Korea and Australia.

Italy stagnates

economic growth in China is expected to slow, according to the OECD, because of the Virus significantly. The Economists here in 2020, only 4.9 percent after 2019 were still 6.1 per cent. Compared to the latest OECD estimates, in November, the prospects for India are significantly weaker.

Germany is expected to only grow by 0.3 percent, a Tick slower than last thought. 2019 there were still 0.6 percent. Italy, especially in the economically important North, many Corona cases will remain stagnant according to the OECD, in 2020, after 2019, a Mini-growth of 0.2 percent.

the spread of The novel Coronavirus had fomented in Europe, and fears of a recession. Stock markets fell in the past week, is deteriorating. (sep/reuters/sda)

Created: 02.03.2020, 11:36 PM

Updated Date: 02 March 2020, 13:03

You need to login to comment.

Please register or login.

RELATED NEWS