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OECD updates G20 summit on outlook for global economy

27 March 2020

Increasingly stringent containment measures needed to slow the spread of the Coronavirus (Covid-19) will necessarily lead to significant short-term declines in GDP for many major economies, according to new OECD projections.

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    "Life and the economy will not be normalized soon," said OECD Secretary-General Angel Gurría, outlining the global economic impact of the coronavirus crisis, during an interview with CNBC.

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