Coronavirus put the world economy on the brink of recession - OECR

The OECR of the first of international organizations proclaimed Koronavirus with a serious threat to the world economy, writes FT. According to her calculations, this year world economic growth will slow down at least 0.5 percentage points. - up to 2.4% C and so modest 2.9%. This already means a facet of recession, which is usually considered an annual growth of 2.5%.

• A decrease by 0.5% will occur already due to the observed closure of the plants, should be from the report.
• If there is a “longer and intensive surge in the disease in Southeast Asia, Europe and North America”, then world economic growth can halve by 1.5 pp.
• The organization calls on the authorities of all states to “quickly and decisively” to compensate for the impact of the epidemic by economic measures, including direct support for the business.
• Last week was the worst for business for 11 years. We wrote about what in these conditions to make an investorhere .