As the dust settles a bit in financial markets and early activity indicators have begun to trickle in, analysts at TD Securities update global growth forecast. Key quotes “Export data deteriorated sharply in January 2020 to its weakest growth rate since 2009, at -2.6% y/y. We expect some distortions in the data in coming months, but the broad story is one of a sustained drag on global growth coming from international trade.” “Across major developed economies, we expect sharp declines in 2020Q2 growth, with about -25% (q/q, annualised) in the US and Canada, and between -10% and -15% (q/q, not annualised) in the euro area and the UK.” “Our broader 2020 and 2021 growth forecasts put global GDP growth around -2.3% in 2020 and 3.6% in 2021. On the surface, this looks like a healthy rebound in global GDP growth to an above-trend pace next year (trend is around 3.3%).” 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 USD/CHF sits near 1-1/2 week tops, eyeing to reclaim 0.9800 mark FX Street 2 years As the dust settles a bit in financial markets and early activity indicators have begun to trickle in, analysts at TD Securities update global growth forecast. Key quotes “Export data deteriorated sharply in January 2020 to its weakest growth rate since 2009, at -2.6% y/y. We expect some distortions in the data in coming months, but the broad story is one of a sustained drag on global growth coming from international trade.” “Across major developed economies, we expect sharp declines in 2020Q2 growth, with about -25% (q/q, annualised) in the US and Canada, and between -10% and -15% (q/q, not… 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.
