28/10/20 - 2020 Ministerial Council Meeting opening remarks by Angel Gurría, OECD Secretary-General
The COVID-19 pandemic has generated the worst health, economic and social crisis in our lifetime. No country, no economy, no society has been spared. And no country, no economy, no society can face it alone.
Over 1.1 million people have lost their lives and more than 42 million infections have been recorded so far. This year will witness the worst recession since World War II, with a projected fall in global GDP by 4.5%. Many economies will not recover their 2019 output levels until 2022 at the earliest. The crisis has already wiped out all the jobs created since the global financial crisis. And there are ominous signs of a second wave of the virus.