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OECD: Virus harmed G20 more than financial crisis

The harm inflicted upon the Group of 20 economies by the coronavirus pandemic was four times as severe as the damage caused by the 2008-2009 global financial crisis, the Organisation for Economic Co-operation and Development said. The collective loss of gross domestic product was 6.9% in this year's second quarter, against a 1.6% decline in the first quarter of 2009, the OECD said.

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