GLOBAL & REGIONAL MONTHLY (Wednesday, 7 October 2020)
GLOBAL & REGIONAL MONTHLY (October 2020)
HIGHLIGHTS
The global growth outlook has improved considerably since May, as Q2 GDP contractions in major economies were typically less severe than previously feared and the subsequent bounce in Q3 has surprised to the upside. Although global manufacturing activity continues to normalize, the services sector is still running well below capacity. The pace of the global economic recovery looks likely to slow in Q4, as new Covid-19 infections in a number of key regions, the upcoming US presidential elections and Brexit-related jitters should induce significant uncertainty and, therefore, weigh on sentiment. For 2020 as a whole, we expect a 3.2% contraction in global GDP, followed by a recovery of 5.0% in 2021.
Viewers Can log here below and read in full the monthly report: GLOBAL_AND_REGIONAL_MONTHLY_OCTOBER 2020
