Recovery Under Way, but Risks Remain High: World Outlook Economic Forecast

The Conference Board of Canada, 24 pages, August 18, 2020
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This quarterly examination of the short-term economic outlook for the world's major economies also contains an in-depth analysis of a number of issues that are relevant for understanding world economic trends and developments.

Document Highlights

  • The world economy will decline by around 5.0 per cent this year, with the bulk of this drop taking place in the second quarter.
  • COVID-19 is causing huge downside risks to the outlook. One of the biggest concerns is a huge rebound in cases in the Southern part of the United States.
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