The global economy could shrink by up to 1 per cent in 2020 due to the coronavirus pandemic
The analysis was done by the UN Department of Economic and Social Affairs (DESA).
It was the part of UN DESA's World Economic Forecasting Model.
The analysis noted that before the outbreak of the COVID-19, world output was expected to expand at a modest pace of 2.5 per cent in 2020, as reported in the World Economic Situation and Prospects 2020.