Nations’ efforts to re-open their economies stirred hopes the world was nearer to emerging from recession, although economic recovery has still a long way to go.
Category: Weekly Report
The IMF signalled a possible downward revision of global economic forecasts, as more economies started to ease lockdowns enforced to curb the coronavirus outbreak.
Sentiment in manufacturing fell in April as lockdowns put the brakes on factory activity, leading to steep declines in output and demand, while the outlook looked gloomy.
Major central banks once again take the stage as the global economy battles against a deep depression, while officials are now moving to ease some of lockdown restrictions.
While the economic damage is mounting, predictions for economic recovery after coronavirus-linked lockdowns vary from 6% contraction to 0.7% growth.