People & Profit

OECD warns of worst peacetime recession in a century

PEOPLE & PROFIT
PEOPLE & PROFIT © FRANCE 24

The global economy is facing its worst peacetime crisis in almost 100 years, according to the Organisation for Economic Co-operation and Development. In its latest forecast, the OECD warns the effects of the slump will be "dire and long-lasting" after a 6 percent plunge in global growth this year. In this programme, Chief Economist Laurence Boone explains how a second wave of the virus would mean an even deeper recession. She also discusses the prospects for a recovery from this crisis.