Picture: OECD

OECD GDP growth forecast for 2020

Adjustment due to the corona pandemic!

At the beginning of March 2020, the OECD predicted that global gross domestic product (GDP) would grow by 2.4 percent in 2020.

In view of the global spread of the novel coronavirus (SARS-CoV-2), the organization thus revised its November 2019 forecast downward by 0.5 percentage points. With a 1.1 percentage point correction, the OECD predicted the strongest growth correction for India.

On 31 December 2019, the WHO Country Office China was informed of cases of pneumonia of unknown aetiology detected in the megacity of Wuhan in Hubei Province.

A novel coronavirus (the cause of COVID-19 lung disease) was identified as the causative virus by the Chinese authorities on 7 January.

Coronaviruses (CoV) are a large family of viruses that cause diseases ranging from the common cold to more serious diseases such as Middle East respiratory syndrome (MERS-CoV) and severe acute respiratory syndrome (SARS-CoV). A novel coronavirus (nCoV) is a new strain that has not yet been identified in humans.

Niklas Van Bocxlaer
Niklas Van Bocxlaer
Exhibition Manager
Lüneburg near Hamburg, Germany
Anja Van Bocxlaer
Anja Van Bocxlaer
Editor in chief and Conference Manager
Lüneburg, near Hamburg, Germany
Jan Phillip Denkers
Jan Phillip Denkers
Deputy Editor-in-Chief
Lüneburg near Hamburg, Germany
Vanessa Tan
Vanessa Tan
Editor & Marketing Manager
Lüneburg near Hamburg, Germany
Cookies are necessary to provide you with our services. By continuing your visit on the website, you consent to the use of cookies.
More information Ok