Recovery Under Way, but Risks Remain High: World Outlook Economic Forecast
The Conference Board of Canada, 24 pages
August 18, 2020
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.
- 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.