OECD sees economic fall of 10%

In the second quarter of 2020, the value of real Gross Domestic Product (GDP) in the Organization for Economic Cooperation and Development (OECD) region decreased by 9.8% year-on-year due to the coronavirus.

The OECD report says that during the quarter, the economic downturn was 20.4% in the UK, 9.5% in the US, 9.7% in Germany, 7.8% in Japan, 13.8% in France, 11.7% in the European Union, and 12,1% in the eurozone.