China was the biggest economy in the world in 2019
global economy
GDP figures for the first quarter of 2020 show extremely negative impact from Covid-19
US crude (WTI) fell 24% to $ 13.87 a barrel
The body says the primary deficit will be 5.1%, instead of a 3.5% GDP surplus
European stocks and crude oil were both down close to 10%
The ECB's decision to not cut rates exacerbated the uncertainty
The Dow opened on a loss of more than 1700 points on Monday
The OECD revised its forecast to a 0.5 percentage point downward revision in 2020
Forecasts by major international organisations
It has increased its share of the global market exponentially