A new report says the spreading coronavirus could make the world economy shrink during the first three months of 2020. If confirmed, it would be the first quarterly drop in economic activity since the international financial crisis more than 10 years ago. The Organization for Economic Cooperation and Development (OECD) released a special report on the effect of the virus Monday. The Paris-based OECD advises developed economies on policy. The report said the world economy is still expected to grow both this year and next year. But the OECD lowered its estimate for international growth in 2020 by half a percentage point, to 2.4 percent. It said the growth rate could go as low as 1.5 percent if the virus lasts long and spreads widely.
Title: World Economy May Shrink Because of Coronavirus
Content: <div id='article-page'><div id='article-content' data-media-url='//news-app-staging.s3.amazonaws.com' data-base-url='//news-app-staging.herokuapp.com' data-sound-name='https://news-app-production.s3.amazonaws.com/articles/3951/3.3.20.wav' data-capture-url='//staging.analytics.lingraphica.com/events/capture_news' data-article-title='World Economy May Shrink Because of Coronavirus' data-article-id='4491'><script src='//news-app-staging.herokuapp.com/javascripts/getscripts.js'></script><link rel='stylesheet' href='//news-app-staging.herokuapp.com/stylesheets/article.css' type='text/css' /><div class='article'><p><span data-start-time='0' data-end-time='12375'>A new report says the spreading coronavirus could make the world economy shrink during the first three months of 2020.</span> <span data-start-time='12375' data-end-time='25708'>If confirmed, it would be the first quarterly drop in economic activity since the international financial crisis more than 10 years ago.</span> <span data-start-time='25708' data-end-time='39021'>The Organization for Economic Cooperation and Development (OECD) released a special report on the effect of the virus Monday. </span> <span data-start-time='39021' data-end-time='47021'>The Paris-based OECD advises developed economies on policy.</span> <span data-start-time='47021' data-end-time='55438'>The report said the world economy is still expected to grow both this year and next year. </span> <span data-start-time='55438' data-end-time='69750'>But the OECD lowered its estimate for international growth in 2020 by half a percentage point, to 2.4 percent. </span> <span data-start-time='69750' data-end-time='79188'>It said the growth rate could go as low as 1.5 percent if the virus lasts long and spreads widely.</span> </p></div><div class='control-buttons-sticky' style='display:none;'><div class='control-buttons'><button title='Back' class='back' disabled='disabled'></button><button title='Play' class='play' disabled='disabled'></button><button title='Pause' class='pause' style='display:none;'></button><button title='Forward' class='forward' disabled='disabled'></button><button class='finished-reading' style='display:none;'>Done</button></div></div></div><div id='article-media'><div id='media-image'><img src='https://news-app-production.s3.amazonaws.com/articles/3951/3.3.20.jpg'/></div></div><div id='question-content' style='display:none;'><div class='multiple_choice_question question-container' data-question-id=14483 data-hint-location='39021' style='display:none;'><div class='question' data-sound-name='https://news-app-production.s3.amazonaws.com/articles/3951/where_is_the_oecd_based.wav'>Where is the OECD based?</div><div class='choices' data-correct-choice='Paris'><div class='choice' data-sound-name='https://news-app-production.s3.amazonaws.com/articles/3951/stockholm.wav'><span>Stockholm</span></div><div class='choice' data-sound-name='https://news-app-production.s3.amazonaws.com/articles/3951/paris.wav'><span>Paris</span></div><div class='choice' data-sound-name='https://news-app-production.s3.amazonaws.com/articles/3951/washington_dc.wav'><span>Washington, DC</span></div><div class='choice' data-sound-name='https://news-app-production.s3.amazonaws.com/articles/3951/toronto.wav'><span>Toronto</span></div></div></div><div class='sentence_completion_question question-container' data-question-id=14484 data-hint-location='0' style='display:none;'><div class='question' data-sound-name='https://news-app-production.s3.amazonaws.com/articles/3951/in_the_first_three_months_of_2020_the_spreading_coronavirus_could_make_the_world_economy__blank_.wav'>In the first three months of 2020, the spreading coronavirus could make the world economy <span class='blank'>Shrink</span></div><div class='choices' data-correct-choice='Shrink'><div class='choice' data-sound-name='https://news-app-production.s3.amazonaws.com/articles/3951/grow.wav'><span>Grow</span></div><div class='choice' data-sound-name='https://news-app-production.s3.amazonaws.com/articles/3951/stabilize.wav'><span>Stabilize</span></div><div class='choice' data-sound-name='https://news-app-production.s3.amazonaws.com/articles/3951/expand.wav'><span>Expand</span></div><div class='choice' data-sound-name='https://news-app-production.s3.amazonaws.com/articles/3951/shrink.wav'><span>Shrink</span></div></div></div><div class='question-buttons'><button class='skip-button'></button><button class='hint-button'></button><button class='speak-button'></button></div></div></div>
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