The ‘recession territory’ has worsened into a deeper worldwide recession with a less favourable recovery outlook, Sandra Phlippen, a Chief Economist at ABN Amro, reports. Key quotes “The economic impact of the coronavirus crisis is unprecedented and the effects will not have disappeared after the second quarter.” “We foresee an initial revival in the third quarter, followed by a pullback in the fourth quarter due to second-order effects.” “All in all, a strong recovery of the global economy is not on the cards until 2021.” 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 AUD/USD: The Aussie to remain an underperformer – ANZ FX Street 2 years The ‘recession territory’ has worsened into a deeper worldwide recession with a less favourable recovery outlook, Sandra Phlippen, a Chief Economist at ABN Amro, reports. Key quotes “The economic impact of the coronavirus crisis is unprecedented and the effects will not have disappeared after the second quarter.” “We foresee an initial revival in the third quarter, followed by a pullback in the fourth quarter due to second-order effects.” “All in all, a strong recovery of the global economy is not on the cards until 2021.” 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.
