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OECD Cuts Global Outlook On Severe Impact From Covid-19 Outbreak

The Organisation for Economic Co-operation and Development downgraded its global growth outlook on Monday, saying the impact of the Covid-19 outbreak on economic prospects is set to be severe.

The Paris-based think tank lowered the global growth projection for this year by 0.5 percentage points, while prospects for China was revised down markedly, with growth seen slipping below 5 percent this year.

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by RTTNews Staff Writer

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