Two Scenarios for Global Economic Growth in 2020: OECD Version

Economics & Macro

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Andrea Lidwina 17/09/2020 10:40 WIB

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The OECD created two scenarios projecting global economic growth. The first scenario assumes no second wave of Covid-19, while the second scenario assumes a second wave of the virus before the end of

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Two Scenarios for Global Economic Growth in 2020: OECD Version

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OECD's 2020 Economic Growth Projections

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The Organisation for Economic Co-operation and Development (OECD) has developed two projection scenarios for global economic growth. The first scenario assumes no second wave of Covid-19, resulting in -6% economic growth. The second scenario assumes a second wave of the virus before the end of 2020, causing economic growth to fall further to -7.6%.

Meanwhile, Indonesia's economy is projected to perform better than the global average. National economic growth is predicted to be -2.8% under the first scenario and -3.9% under the second.

Editor : Muhammad Ahsan Ridhoi

"Disclosure: This is an AI-generated translation of the original article. We strive for accuracy, but please note that automated translations may contain errors or slight inconsistencies."