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The OECD warns that the epidemic unleashed by Covid-19 will curb the world economy at the end of the year. In this way, the global growth forecast has been reduced from 2.9% to 2.4%.
The consequences of the virus on the economy have lowered forecasts in the main world powers. If the scenario is not very negative, that is, it does not last too long, China would be the most affected country with a 0.8% reduction in its growth forecasts for 2020.
EFFECT OF COVID-19 ON THE BAGS
It is difficult not to fall into alarm watching the reaction of the markets these days. Stock exchanges around the world have lived one of the worst weeks of the last decade. Uncertainty and volatility have spread from Asia to the US through Europe where the weekly falls have been double digits.
Thus, for example, the Ibex 35 fell 12% last week.
Another stock index that has suffered a major breakdown has been the American Dow Jones that ended the month of February losing 1.39% to 25,409.36 units, yielding more than 3,500 points in the week.
IMPACT OF CORONAVIRUS ON THE INDUSTRY
In the industry sector, according to TrendForce (Global provider of market intelligence in technology industries), global shipments of technology products have fallen in the first quarter of 2020.
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