Global Economic Outlook Result COVID19

Global Economic Outlook Result COVID19

Compilation Of Global Financial Forcasts 05/26/2020

Coronavirus outbreak: The impact COVID-19 is having on the global economy

Covid-19: how bad will it be for the economy? | The Economist

In an effort to flatten curve of the COVID-19 pandemic the world has been forced to come to a standstill. Streets are empty, shops are closed and people are out of work, public gatherings have been banned in many places and travel restrictions have been imposed. And all of this is having a major impact on the global economy. The United Nations says we may see a $2 trillion shortfall in our global income and a $220 billion hit to developing countries because of COVID-19.
The coronavirus pandemic has killed thousands of people, crashed stockmarkets around the world, driven 10m Americans to claim unemployment and caused businesses to haemorrhage money. With economies in turmoil, how bad will the damage be?

How covid-19 could change the financial world order | The Economist

Understanding the Economic Shock of the Covid-19 Crisis

America has dominated global finance for decades. But could covid-19 tip the balance of financial power in China’s favour?
How the pandemic is driving America and China further apart
Fu Ying: why China and America must co-operate on covid-19
Predicting the path ahead has become nearly impossible, but we can speculate about the size and scale of the economic shock. Economic contagion is now spreading as fast as Covid-19 itself. Social distancing, intended to physically disrupt the spread, has severed the flow of goods and people, stalled economies, and is in the process of delivering a global recession. Predicting the path ahead has become nearly impossible, as multiple dimensions of the crisis are unprecedented and unknowable. Pressing questions include the path of the shock and recovery, whether economies will be able to return to their pre-shock output levels and growth rates, and whether there will be any structural legacy from the coronavirus crisis. This Explainer explores several scenarios to model the size and scale of the economic shock and the path ahead. Based on the HBR article by Philipp Carlsson-Szlezak, Martin Reeves and Paul Swartz
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