Thread by @OECD

As #COVID19 restrictions begin to be eased, the path to economic recovery remains highly uncertain and vulnerable to a second wave of infections.

Read more in our 🆕 #EconomicOutlook ➡️ oe.cd/EOjune2020

Our 🆕 #EconomicOutlook focuses on two equally likely scenarios:

1⃣ The virus recedes and is brought under control
2⃣ A second outbreak hits before the end of 2020, triggering a return to lockdowns

Discover our GDP projections by country ➡️ oe.cd/EOjune2020 #COVID19

With or without a second #COVID19 outbreak, the consequences will be severe & long-lasting.

Strengthening healthcare systems and supporting people & businesses to help adapt to a changing world will be crucial. See our recommendations ➡️ oe.cd/EOjune2020 #EconomicOutlook

💬 “How governments act today will shape the #postCOVID world for years to come."

— @A_Gurria, OECD Secretary-General presenting our latest #EconomicOutlook ➡️ oe.cd/EOjune2020

Strong fiscal support is warranted in the context of the #COVID19 pandemic, but it has consequences.

Public spending should be well-targeted to support the most vulnerable & provide the investment needed for a sustainable recovery ➡️ oe.cd/EOjune2020 #EconomicOutlook

💬 “Extraordinary policies will be needed to walk the tightrope towards #recovery."

Our Chief Economist @LauBooneEco calls for stronger international cooperation to build a fairer, more resilient and sustainable economy ➡️ oe.cd/EOjune2020 #EconomicOutlook