European stocks fell slightly on Wednesday after the Organization for Economic Cooperation and Development (OECD) forecast the global economy would contract 6.0 percent this year before bouncing back with 5.2 percent growth in 2021.
As the threat of a second wave of contagion keeps uncertainty high, OECD chief economist Laurence Boone wrote in an introduction to the refreshed outlook that now was no time to fan the flames of trade tensions and governments should cooperate on a treatment and vaccine for the virus.
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