Coronavirus control has reduced global GDP by an estimated 16% – Goldman Sachs

Dhwani Mehta FXStreet

According to the analysts at Goldman Sachs, global GDP is likely to haven fallen by about 16% since January.

However, they do not rule out a V-shaped and U-shaped recovery, depending on the time frame.

Goldman Sachs said: "We expect GDP to grow ... as firms and households learn to combine higher economic activity with continued virus control via a range of adjustment mechanisms including mask and glove-wearing, frequent cleanings of workplaces, lower office and retail occupancy, and improved testing and contact tracing.”

Author

Dhwani Mehta

FXStreet

Residing in Mumbai (India), Dhwani is a Senior Analyst and Manager of the Asian session at FXStreet. She has over 10 years of experience in analyzing and covering the global financial markets, with specialization in Forex and commodities markets.

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