The chief economist of the Organization for Economic Cooperation and Development (OECD) Laurence Boone, in an interview with a journalist for Les Echos, noted that the COVID-19 pandemic will cost the global economy $ 7 trillion by the end of 2021.
The OECD also noted that if some countries stop providing budget support, this situation will further aggravate the current situation.
Experts predict that global GDP in 2020 will decline by 4.5%.
It is worth noting that before this, representatives of the Bloomberg publication reported that the governments of many developed countries have invested several trillion dollars to support the economy and return it to normal, as far as it is possible in the context of the coronavirus pandemic. We shouldn't forget that many fears about the impending crisis are still relevant.