Global economy to see a U-shaped recovery – JP Morgan

Dhwani Mehta FXStreet

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.”

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

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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