Economists at ABN Amro have downgraded their economic growth forecasts further given the spread of the coronavirus around the world. The three firsts quarter of the year are set to be hit. Key quotes “We now see even more weakness in global economic growth in the first half of this year and to a lesser extent in the third quarter. This should be followed by a strong rebound in the fourth quarter and the start of next year.” We will likely see global GDP growth somewhat below the IMF’s 2.5% threshold for recession for the year as a whole, though the period of weakness will be relatively short-lived. “The US flirts with recession, while the eurozone experiences a modest technical recession in our updated scenario.” FX Street FX Street FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions. View All Post By FX Street FXStreet News share Read Next Ripple’s CEO bashes BTC and ETH, XRP/USD stays directionless below $0.2400; FX Street 2 years Economists at ABN Amro have downgraded their economic growth forecasts further given the spread of the coronavirus around the world. The three firsts quarter of the year are set to be hit. Key quotes “We now see even more weakness in global economic growth in the first half of this year and to a lesser extent in the third quarter. This should be followed by a strong rebound in the fourth quarter and the start of next year.” We will likely see global GDP growth somewhat below the IMF’s 2.5% threshold for recession for the year as a whole, though… Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.
