- Analytics
- News and Tools
- Market News
- Coronavirus drives growth reviewed forecast – ABN Amro
Coronavirus drives growth reviewed forecast – ABN Amro
FXStreet reports that economists at ABN Amro have downgraded their economic growth forecasts further given the spread of the coronavirus around the world. The three firsts quarter of the year are set to be hit.
"We now see even more weakness in global economic growth in the first half of this year and to a lesser extent in the third quarter. This should be followed by a strong rebound in the fourth quarter and the start of next year."
We will likely see global GDP growth somewhat below the IMF's 2.5% threshold for recession for the year as a whole, though the period of weakness will be relatively short-lived.
"The US flirts with recession, while the eurozone experiences a modest technical recession in our updated scenario."
© 2000-2025. All rights reserved.
This site is managed by Teletrade D.J. LLC 2351 LLC 2022 (Euro House, Richmond Hill Road, Kingstown, VC0100, St. Vincent and the Grenadines).
The information on this website is for informational purposes only and does not constitute any investment advice.
The company does not serve or provide services to customers who are residents of the US, Canada, Iran, The Democratic People's Republic of Korea, Yemen and FATF blacklisted countries.
Making transactions on financial markets with marginal financial instruments opens up wide possibilities and allows investors who are willing to take risks to earn high profits, carrying a potentially high risk of losses at the same time. Therefore you should responsibly approach the issue of choosing the appropriate investment strategy, taking the available resources into account, before starting trading.
Use of the information: full or partial use of materials from this website must always be referenced to TeleTrade as the source of information. Use of the materials on the Internet must be accompanied by a hyperlink to teletrade.org. Automatic import of materials and information from this website is prohibited.
Please contact our PR department if you have any questions or need assistance at pr@teletrade.global.
Bank transfers
