Economy

Coronavirus: Global economy will suffer for years to come

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

The OECD has called on governments to rip up spending rules to ensure speedy testing and treatment of the virus.

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