Economists Slash Global Growth Forecasts as Coronavirus Spreads
Analysts around the world slashed their 2020 economic forecasts as the coronavirus continued to spread beyond China and weak Asian data offered an early hint at the infection’s cost to business.
One major multinational group warned global growth could be cut in half if the infection spreads widely.
The Organization for Economic Cooperation and Development said that if the outbreak sweeps through the Asia-Pacific region, Europe and North America, global growth could fall to just 1.5 percent in 2020, far less than the 3 percent it projected before the virus …continued .
[Source: New York Times]