World Coronavirus Dispatch: OECD lowers decline in global economy to 4.5%

Trump says open to more stimulus spending, Australia unemployment drops, Richard Branson to raise $400 mn for ailing businesses and other pandemic-related news across the globe

In a welcome news, The Organisation for Economic Cooperation and Development said the damage to the global economy this year will be “less than previously expected”, but still "unprecedented". The agency predicted a decline of 4.5 per cent in 2020, versus the six per cent drop forecast in June. The revision for 2020 is favourable, but even so, the global economy is facing damage that the OECD describes as "unprecedented in recent history".

Read more here

Let’s look at the global statistics:

Total Confirmed Cases: 29,764,055

Change Over Yesterday: 181,933

Total Deaths: 939,473

Total Recovered: 20,225,219

Nations hit with most cases: US