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Recession

[New] The global recession in 2020 will not be as deep as expected as a result of countries' efforts to counter the economic fallout from the coronavirus pandemic.
[New] Despite the economic recession and negative impact on technology investments, the IIoT platform's market is expected to continue its growth momentum in 2020, and during the forecasted years of 2020-2025.
[New] International Monetary Fund has sharply lowered its forecast for global growth in 2020, saying that the coronavirus pandemic is causing a much steeper recession and a slower recovery than initially expected.
[New] Except for China, G20 countries are expected to slip into recession throughout the rest of the year and into 2021, with next year's Q3 being the earliest the global economy will get back to pre-pandemic growth rates.
[New] The HMI software and services market growth will slow down substantially in 2020 as there is a threat of a global recession, due to the impact of a global pandemic.
[New] Southeast Asian countries will see a decline in GDP in 2020 by 2.7%, with the deepest recession in Thailand, Singapore, and Cambodia.
[New] UK may enter in the worst recession in three centuries as investors will stay away from investment in UK due to the coronavirus outbreak and Brexit terms still not finalized.
[New] Due to the continuing impact of the COVID-19 pandemic, the global economy faces a deep recession in 2020, with partial and uneven recovery expected in 2021.
While the coronavirus pandemic has brought about a behavioral shift among shoppers - a Nielsen survey suggests 93% of consumers around the world will now consider buying online - the global economic recession is clouding the outlook for cross-border e-commerce businesses.
If COVID-19 is to trigger a deep recession (and in turn another financial crisis), the global GDP may not reach its pre-pandemic value until late 2023.
Despite the swift and comprehensive policy response at both EU and national levels, the EU economy is expected to experience a recession of historic proportions in 2020.
Two years into the 2008 recession, central London's office vacancy rate reached a high of eight per cent, and it is likely that the 2020 coronavirus crisis, the associated surge in remote working and online shopping, and the ensuing recession will lead to a similar increase in vacancies.
Amid the COVID-19 crisis and the looming economic recession, the Orthopedic Prosthetic Implants market worldwide will grow by a projected US$ 2.7 Billion, during the analysis period, driven by a revised compounded annual growth rate of 2.1%.
Despite uncertainties caused by the COVID-19 pandemic and the threat of an encroaching global recession, family offices remain cautiously optimistic about investing.
We are in the midst of the deepest recession since the great depression, and World GDP is expected to fall by 4.9% in 2020, with two-digit declines in many countries.
The cost of the restricted movements because of the global lockdown phases are still being tallied but the World Bank envisions a 5.2% decrease in global GDP with most countries expected to face recession in 2020.
With only extremely limited support for business on offer from the federal government, Mexico is widely forecast to suffer a deep recession in 2020.
The OECD expects the world economy to contract by 6% this year, with all countries suffering a deep recession.
In the almost six months since the World Health Organization (WHO) declared COVID-19 a global pandemic, the most vulnerable and marginalized have been and will continue to be the hardest hit amid increasing infection rates and deepening economic recession.
Current global forecasts envision a 5.2% contraction of the global economy in 2020 - the deepest global recession in decades.
The IMF has slashed its global economic forecasts for 2020, saying the coronavirus pandemic is causing a much steeper recession and a slower recovery than initially expected.
The International Monetary Fund (IMF) has projected a deep coronavirus-induced global recession, which threatens a nearly 4% drop in world GDP and could drag the GDP of African economies into a fall of about 1, 4%, with smaller economies facing a contraction of up to 7, 8%.

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Last updated: 30 September 2020