•  Already in the first half of April, the International Monetary Fund estimated that global GDP would fall by 3 per cent in 2020, compared with an increase of the same amount forecast in January. At the start of this month, the World Bank estimated a decline of 5.2 per cent.
Last week the OECD released scenarios indicating a fall of 6.0 per cent in the least unfavourable scenarios and of 7.6 per cent in the event of a second wave of contagion. It has been calculated that this year will see the most widespread fall in per capita income since 1870.