GLOBAL & REGIONAL DAILY (Wednesday 15, April 2020)
HIGHLIGHTS
April 15, 2020
Global Markets
In its World Economic Outlook released yesterday, the IMF projects a 3.0% contraction in 2020 global GDP growth, the steepest downturn since the Great Depression of 1930. Today’s data calendar is focused on US retail sales and industrial production for the month of March.
Greece
According to the IMF World Economic Outlook, GDP in Greece is expected to contract by -10% in 2020 and then rebound by +5.1% in 2021. Unemployment is expected to rise to 22.3% in 2020 from 17.3% in 2019, and then ease back to 19% in 2021.
CESEE
In April’s World Economic Outlook (WEO) released yesterday, the IMF forecasts that the emerging and developing Europe region will contact by 5.2% in 2020 and will bounce back in 2021 by 4.2%.
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