Business News Special: Global recession may not be that bad, says OECD The OECD says the global economy will shrink 5.2 per cent this year, down from its previous six per cent estimate. Share this:Click to share on Twitter (Opens in new window)Click to share on Facebook (Opens in new window) Related Face fines for not taking PCR test on sixth day in Abu Dhabi Global Covid cases exceed 30m, deaths surpass 945,000