Global Macro Service > Research Briefings > Global

The global economy enters a short, sharp, recession

In recent weeks we have revised down our baseline forecasts as more countries announced draconian policy measures to limit the spread of coronavirus. Our latest forecasts now show the global economy and many major economies entering a deep recession in the first half of 2020. Over the full year, we expect a rate of global growth of 0%, the second-weakest rate in almost 50 years.

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