FORBES | In November 2019, the first case of Covid-19 was reported in Wuhan, China. During the early days of the outbreak, local authorities attempted to clamp down on sharing information about the virus, but as the transmission strengthened in the region, the government imposed lockdown measures across China's Hubei province to control the spread of Covid-19. On January 22, Wuhan became the first major city under quarantine, and in the months that followed, manycitiesfollowed suit that caused a shock to the global economy. In June, the OECD projected that the global economy would contract by 6% this year if the second wave of the virus is avoided. However, in the case of a second outbreak, the global economy would contract to 7.6%.
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