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OECD Lifts Global GDP Forecast As Covid-19 Containment Measures Ease

The Organisation for Economic Cooperation and Development upgraded its global economic forecast for 2020 as output picked up swiftly following the easing of coronavirus confinement measures and the initial re-opening of businesses. According to the interim economic outlook report, released Wednesday, the global economy will shrink 4.5 percent this year instead of 6 percent fall estimated in June.
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