Global economy to see a U-shaped recovery – JP Morgan
|The JP Morgan analysts believe that the global economy is likely to see a U-shaped recovery amid the coronavirus outbreak led deep contraction expected this year.
Key quotes
“The global economy is collapsing at a pace not seen since World War Two.
Staggered re-openings of economies until a vaccine is widely available imply more of a U- rather than a V-shaped recovery for the global economy.”
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- A deeper contraction than the global financial crisis likely in 2020 – HSBC
- Global economy to contract by 2% in 2020, recovery to be U–shaped – Reuters poll
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