Grim economic forecasts as coronavirus spreads

The world’s peak economic body, the OECD, says coronavirus could make the global economy shrink for the first quarter since the 2008 financial crisis.

The world’s peak economic body, the OECD, says the new coronavirus could make the global economy shrink for the first quarter since the 2008 financial crisis.

Already China‘s manufacturing sector says factory activity hit record lows in February.

But the effects are being felt by countries across the globe.

Al Jazeera’s Jessica Washington reports from Jakarta.