Global economy could sink by 1 per cent

By Edith M. Lederer
Updated April 2 2020 - 12:18pm, first published 12:13pm
The UN has warned the COVID-19 pandemic could see the global economy contract by almost 1 per cent.
The UN has warned the COVID-19 pandemic could see the global economy contract by almost 1 per cent.

The global economy could shrink almost 1 per cent this year due to the new coronavirus, a sharp reversal from the pre-pandemic forecast of 2.5 per cent growth, the United Nations says.

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