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Coronavirus Pandemic Could Shrink GDP By $1.1tn & Cause Recession – Oxford Economics

Unic Press UK: In the event that the coronavirus morphs into a global pandemic, the global economy might shed $1.1 trillion of its current Gross Domestic Product (GDP), the Oxford Economics says in a report.

According to Oxford Economics, in a scenario where the pandemic is limited to Asia the world GDP might fall $0.4tn (0.5%), while a $1.1tn (1.3%) fall in estimated if coronavirus [COVID-19] becomes a global pandemic.

Based on the latest update by the Chinese authorities, the total number of coronavirus infections in the Hubei Province – the epicenter of the disease – “climbed to 62,442, with 11,788 recovered and 2,144 dead.”

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English Premier league table (live)

# Team MP W D L F A G P
1 Liverpool 29 27 1 1 66 21 +45 82
2 Manchester City 28 18 3 7 68 31 +37 57
3 Leicester City 29 16 5 8 58 28 +30 53
4 Chelsea 29 14 6 9 51 39 +12 48
5 Manchester United 29 12 9 8 44 30 +14 45
6 Wolverhampton Wanderers 29 10 13 6 41 34 +7 43
7 Sheffield United 28 11 10 7 30 25 +5 43