Virus pummels global economy, jobs – even without 2nd wave

PARIS (AP) — The virus crisis has triggered the worst global recession in nearly a century, according to a new economic report. And the pain is not over yet even if there is no second wave of infections. The Organization for Economic Cooperation and Development says hundreds of millions of people have lost their jobs, and the crisis is worsening inequalities by hitting the poor and young people the hardest. If there is no second wave of infections, the agency forecast a global drop in economic output of 6% this year. If the coronavirus re-emerges later in the year, however, the global economy could shrink 7.6%.