By the end of 2021, the total damage to the global economy from the coronavirus pandemic will reach $ 7 trillion. This was stated by the chief economist of the Organization for Economic Cooperation and Development (OECD) Lawrence Boone.
- By the end of 2021, global GDP will lose $ 7 trillion. This is a serious shock, - quoted her words by the newspaper Les Echos.
Boone added that the world has many months to live with the virus.
Analysts predicted a collapse in oil demand in the next two years
According to experts, by December, demand will fall by eight million barrels per day.
According to a report distributed by the OECD, with a positive development of the situation, global GDP in 2020 will decrease by 4.5%, and not by 6%, as previously assumed. However, this is still an unprecedented drop in global production for recent history.
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