It Will Take Years To Recover From Global Recession Caused By Coronavirus Covid-19 Pandemic According To OECD
March 23rd, 2020
The secretary general of the Organization for Economic Cooperation and Development (OECD), Angel Gurria, has warned that the global recession unleashed by the coronavirus pandemic will take years to recover from. He stated that the shock to the global economy created by the Covid-19 outbreak had already exceeded the damage created by the 2008 global financial crisis.
The head of the OECD told the BBC that claims by some political leaders that the world will quickly bounce back from the Global Economic Crisis now underway was “wishful thinking.”
There is growing consensus that the world is heading into a full-blown economic depression.