Each month of containment cuts annual GDP by 2%, the organization says
Economists expect GDP to turn negative in the first quarter of this year
GDP forecasts slashed, worldwide contraction possible
Outlook highly uncertain amid unprecedented efforts to contain Covid-19 outbreak
The ECB decided to buy up to 120 billion euros more in bonds this year
Downside risks to the economy outweighed the risk of increasing household debt
But it's unclear how a rate cut would counteract the effects of the coronavirus
Economists have been downgrading their forecasts for Q1
Analysts weigh in on the potential economic impact of the viral outbreak
Analysts warn of serious disruptions to the global economy