Global economy to contract 3.7% this year – Reuters poll
|According to the latest Reuters poll of over 250 economists, the narrative on the global economic recovery has mostly faded, as the contraction is precited to be deeper than previously estimated.
Key findings
“When asked how the global economic recovery outlook had changed over the past month, 80% or 71 of nearly 90 economists said it had worsened or at best stayed the same.
The remaining respondents said it had improved, despite global gross domestic product forecasts for this year in the wider poll down from a month ago and roughly the same in a worst-case scenario.
The world economy was forecast to shrink 3.7% this year and grow 5.4% next year, compared to a contraction of 3.2% and growth of 5.4%, respectively, in the previous poll.
While that median consensus for this year is less pessimistic than the IMF’s projection of -4.9%, in a worst-case scenario in the latest poll the global economy was forecast to shrink 6.0%.”
Related content
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers.