In their other scenario, where a second wave of COVID-19 is avoided, global GDP is still forecast to fall by 6% in 2020, the OECD said.In this April 2, 2020, file photo, a homeless man walks past closed stores in the Fashion District in downtown Los Angeles.
In the new outlook, GDP in the United States is expected to fall by 8.5% if a second wave hits and 7.3% even without a second wave. In Europe, GDP is forecast to fall by 11.5% if a second wave hits, and 9% even without.The outlook also highlighted the need for more resilient supply chains.In this April 30, 2020, file photo, people walk past closed shops in downtown Los Angeles.
Due to an incompetent president is the headline you were looking for
Isn’t it interesting that when the people stay home the economy crashes. It’s not the hedge fund managers or overpaid CEOs that the economy depends on. It’s the working people. So, pay them better, give them healthcare, and stop cracking their skulls in the streets. 🤷♂️
PANIC FEAR CHAOS HATE DIVIDE repeat welcome to the ‘news’ You’re fracturing humanity, proud? You should all be so ashamed... mafiamedia fakenews
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