World Economy

[HONDO74]

Global economy will suffer for years to come, says OECD
https://www.bbc.com/news/business-52000219

The world will take years to recover from the coronavirus pandemic, the Organisation for Economic Co-operation and Development has warned.

Angel Gurría, OECD secretary general, said the economic shock was already bigger than the financial crisis.

He told the BBC it was "wishful thinking" to believe that countries would bounce back quickly.

He said: "And the reason is that we don't know how much it's going to take to fix the unemployment because we don't know how many people are going to end up unemployed. We also don't know how much it's going to take to fix the hundreds of thousands of small and medium enterprises who are already suffering."

[rogruth]

My life started in an economic depression and sounds as if it will end in one.