Recession

[New] The International Monetary Fund has predicted a deeper global recession as the coronavirus pandemic causes wider and deeper damage to economic activity than first thought.
[New] If, as expected, the GDP growth goes into negative territory in Q2 2020, Malaysia will only officially enter the official definition of an economic recession if Q3 2020 is also a negative growth quarter.
[New] The consequences of the coronavirus pandemic may prove more devastating than the disease itself for the world's poorest countries as the global economy hurtles into recession, people lose jobs by the hundreds of millions and the risk of hunger grows..
[New] Despite the economic recession and negative impact on technology investments, the Low-Code App Development platforms market in 2020 is expected to post double-digit growth in the year 2020.
[New] Media owners' advertising revenues will decrease by $42 billion in 2020, from $582 billion to $540 billion, as advertising spending shrinks due to the severe economic recession triggered by the COVID-19 pandemic, as GDP is expected to contract between -5% and -12% across the world's largest markets.
[New] Amid the COVID-19 crisis and the looming economic recession, the Interactive Voice Response (IVR) Systems market worldwide will grow by a projected US$ 1.9 Billion, during the analysis period, driven by a revised compounded annual growth rate of 5.6%.
[New] The global economy is expected to decline by -5.2%, marking the worst global recession in 80 years.
[New] The global smart elevator market is expected to decline in 2020 due to the global economic recession led by COVID-19.
[New] The global magnesium hydroxide market is expected to decline in 2020 due to the global economic recession led by COVID-19.
The global bio plasticizer market is expected to decline in 2020 due to the global economic recession led by COVID-19.
A severe technical recession in the first half will result in a full-year contraction of real GDP; recovery will commence in 2021.
Building a 90% clean electricity system by 2035 would catalyze massive economic growth that helps pull the U.S. out of the COVID-19 recession by supporting more than a half million new net jobs per year, injecting $1.7 trillion into the economy, and recharging domestic manufacturing.
The International Monetary Fund (IMF) on Tuesday projected economic recession for Pakistan following the coronavirus-related 'The Great Lockdown' that would sharply contract the global economy this year.
With the adverse effects of the COVID-19 pandemic hitting the economy particularly hard, the euro area will not be able to escape a technical recession in the first half of 2020.
LMC Automotive is projecting a fall of more than 20% in global light vehicle production to around 71 million units in 2020 as a result of the COVID-19 pandemic and ensuing recession.
Turkish GDP is expected to contract by 5%, in the wake of a recession in the global economy of 3% in 2020, with an unemployment rate of around 17.2%.
OECD envisages a 6.0 pct global recession this year and a 5.2 pct growth rate in 2021 under the first scenario and a 7.6 pct contraction and a 2.8 pct growth rate under the second scenario.
Amid the COVID-19 crisis and the looming economic recession, the Sulfuric Acid market worldwide will grow by a projected US $ 1.2 Billion, during the analysis period, driven by a revised compounded annual growth rate of 1.6%.
Even as countries are reopening, the World Bank predicts this year, the globe will have its deepest global recession in 80 years.
The current global recession is projected to last only one year: in other words, the growth rate of global per capita GDP is projected to turn positive in 2021.
The 2020 global recession is expected to be the deepest in eight decades, and the subsequent recovery will be insufficient to bring output to previously projected levels.

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Last updated: 08 July 2020