- Analytics
- News and Tools
- Market News
- Coronavirus: Three scenarios for the global economy – Nordea
Coronavirus: Three scenarios for the global economy – Nordea
FXStreet notes that the coronavirus outbreak has now evolved into a pandemic with serious consequences for the world economy. Analysts at Nordea outline three scenarios for the global economy.
“The baseline scenario: the initial shock to global economic activity will be huge, probably at least comparable to the two worst quarters during the global financial crisis. We expect global growth to be around -1% in 2020 followed by +5.5% in 2021 in the U-shaped baseline scenario.”
“The upside risk scenario: the positive risk scenario looks much like the baseline U-shaped scenario, but the recovery is faster, like a V-shape. We expect global growth to end around 1% in 2020 and 6% in 2021.”
“The downside risk scenario: several risks have the potential to make any eventual recovery very gradual and seem more like an L-shape than a U-shape.”
© 2000-2024. 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
