www.cnbc.com/2020/06/10/...-up-to-7point6percent-in-2020.html
"In its first scenario, the OECD said global growth will contract by 7.6% in 2020, and “remain well short” of its pre-crisis level by the end of next year. If there is no second wave, the OECD said the world economy will still contract by 6% in 2020, but will recover to almost pre-crisis levels by the end of 2021.
“Both scenarios are sobering, as economic activity does not and cannot return to normal under these circumstances,” the OECD said. It added that “by the end of 2021, the loss of income exceeds that of any previous recession over the last 100 years outside wartime, with dire and long-lasting consequences for people, firms and governments.”
France, the United Kingdom, Spain and Italy are expected to face the sharpest economic contractions this year. These countries are among those worst-hit by the health crisis so far.
However, growth in the United States is also expected to contract by 7.3% in the single-hit scenario and by 8.5% if there’s a second wave...."