Global GDP may get down by 1% due to Coronavirus Outbreak: Goldman Sachs

Goldman Sachs has predicted that the global real gross domestic product may see a dip of 1%, a sharper economic decline than in the year following the 2008 global financial crisis, owing to the outbreak of the novel Coronavirus. It sees the real GDP in advanced economies contracting "very sharply" in the second quarter, including a 24 per cent drop in the United States, that is two and a half time more than post-war period.