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Paris: World economy plunging into downturn: OECD

The coronavirus outbreak is plunging the world economy into its worst downturn since the global financial crisis, the Organisation for Economic Cooperation and Development (OECD) warned today, urging governments and central banks to fight back to avoid an even steeper slump.

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Tokyo: Japan on brink of recession

Japan’s economy shrank at the fastest pace in almost six years in the December quarter as a sales tax hike hit consumer and business spending, raising the risk of a recession as China’s coronavirus outbreak chills global activity.

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Bangkok: Thai economic growth slips to 5-year low

Thailand’s economy grew at its weakest pace in five years in 2019 as exports and public investments slowed, adding pressure on the central bank to cut rates to shield South-East Asia’s second-largest economy from the coronavirus epidemic.

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Tokyo – Oil tumbles on virus fear

Oil tumbled on fears China’s deadly coronavirus will crimp demand, prompting Saudi Arabia to say it was closely monitoring the situation.

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Beijing: Scientists providing support

Chinese scientists are conducting research to help provide timely analysis of the epidemic situation and support to formulate targeted strategies for the prevention and control of the novel coronavirus outbreak

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