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Covid-19 cuts G-20 GDP by record 3.4% in first quarter: OECD

In case of a second wave of the pandemic, the economic output could shrink by as much as 7.6%


MEASURES to curtail the coronavirus outbreak caused a 3.4 per cent drop in gross domestic product (GDP) for the Group of 20 (G-20) major economies in the first three months of 2020, the largest decline since records began in 1998, the Organization for Economic Cooperation and...

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