Analysts at BBVA Research have lowered from -2.4% to -3.1% the expected GDP growth in 2020 given the greater drops in activity in the first quarter. They see the global economy bottoming in the second quarter. Key Quotes: “The global economic scenario is defined by COVID-19, with a recession comparable to the Depression 90 years ago. It is also shaped by uncertainties including, the trajectory of the contagion curve and the achievement of herd immunity, for which having an effective and accessible vaccine will be a determining factor.” “The improvement of the economy since then will be uneven and incomplete: none of the major areas will achieve near to pre-crisis expectations for the GDP level by the end of 2021.” “The economic ramifications of COVID-19 will be more persistent where there have been more severe and prolonged lockdowns and where there is greater specialization in sectors that, like tourism and leisure, will be further harmed by the fear of contagion.” 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 bulls taking a break at critical retracement territory FX Street 3 years Analysts at BBVA Research have lowered from -2.4% to -3.1% the expected GDP growth in 2020 given the greater drops in activity in the first quarter. They see the global economy bottoming in the second quarter. Key Quotes: “The global economic scenario is defined by COVID-19, with a recession comparable to the Depression 90 years ago. It is also shaped by uncertainties including, the trajectory of the contagion curve and the achievement of herd immunity, for which having an effective and accessible vaccine will be a determining factor.” “The improvement of the economy since then will be uneven and incomplete:… 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.
