BEIJING, Sept. 16 (Xinhua) -- The Organization for Economic Cooperation and Development (OECD) in its latest report published on Wednesday revised up its forecast for global economic output in 2020 to a contraction of 4.5 percent, which was less negative than what had been expected in June.
According to the OECD Interim Economic Assessment, the drop in global gross domestic product (GDP) is "smaller than expected" primarily due to upward revisions in China, the United States and Europe.
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