/Speedy action needed for economic reform amidst COVID-19-OECD

Speedy action needed for economic reform amidst COVID-19-OECD

With the coronavirus (COVID-19) outbreak already bringing considerable suffering and major economic disruptions across the world, there is the view that only swift and decisive actions by governments and their nationals will help countries overcome the disease and its associated economic impacts.

Since the outbreak of the virus in January over some 400,000 people have been infected worldwide, subsequently pushing markets into decline, causing deteriorating global financial conditions, and hampering the prospects for growth.

The Organisation for Economic Co-operation and Development (OECD), in their latest interim report, describe the pandemic as the third and greatest economic, financial and social shock of this century – after the 9/11 attack and the global financial crisis of 2008.

http://www.jamaicaobserver.com/business-observer/speedy-action-needed-for-economic-reform-amidst-covid-19-oecd-global-economic-prospects-subdued-and-uncertain-at-this-time_190706

By |2020-04-02T16:33:53+00:00April 2nd, 2020|news|0 Comments

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