'Global economy to contract 1.5% in 2020 amid COVID-19 pandemic'
"Our global growth forecast now stands at -1.5 per cent, with a contraction of 3.3 per cent across mature markets and growth of only 1.1 per cent," in emerging markets, the report said, adding that there was "huge uncertainty" about the economic impact of COVID-19.
The global economy was expected to contract 1.5 per cent in 2020 amid the coronavirus pandemic, Photo: Reuters