(AP photo)The virus crisis has triggered the worst global recession in nearly a century -- and the pain is not over yet even if there is no second wave of infections, an international economic report warned today. “It is probably the most uncertain and dramatic outlook since the creation of the OECD,” Secretary General Angel Gurria said. If the coronavirus re-emerges later in the year, however, the global economy could shrink 7.6 percent, the OECD said. Gurria argued that “presenting the problem as the choice between lives and livelihoods, meaning a choice between health and the economy, is a false dilemma. The virus has infected 7.2 million people worldwide and killed at least 411,000, according to official figures tallied by Johns Hopkins University.

Source: The Standard June 10, 2020 11:26 UTC