Global economy to contract by 4.5% in 2020: OECD

Xinhua | Updated: 2020-09-16 20:12

A crane loads containers at Erenhot Port in North China's Inner Mongolia autonomous region on April 11, 2020. [Photo/Xinhua]

BEIJING -- The Organization for Economic Cooperation and Development (OECD) in its latest report published on Wednesday revised up its forecast for global economic output in 2020 to a contraction of 4.5 percent.

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