The World Bank expects global GDP to decline 5.2 percent this year
The World Bank’s half-yearly Global Economic Outlook report, released on Monday, says, among other things, that the coronavirus has pushed the global economy into a severe recession. According to the Washington-based organization, the GDP of developed countries could fall by 7 percent in 2020, while that of developing countries will shrink for the first time in 60 years, shrinking by 2.5 percent. ((MTI / Reuters / Tass))
Related news
Fidelity: Three themes shaping investments in Q3
Has the post-epidemic normalization that we have been waiting for…
Read more >Agrometeorology: the rain was good for sunflowers and corn, but not for wheat and canola waiting to be harvested
The rainy weather of the past week was good for…
Read more >Fitch Ratings: stronger than previously expected global economic growth is expected this year
Stronger-than-expected world economic growth is likely for this year, according…
Read more >Related news
VOSZ Barometer – 2024. II. quarter: mandatory optimism or real growth?
The perception of inflation is still present in domestic companies,…
Read more >Fidelity: Three themes shaping investments in Q3
Has the post-epidemic normalization that we have been waiting for…
Read more >Large companies are resistant to economic uncertainty
Restrained expectations characterize the domestic corporate sector for the next…
Read more >