About this work
The rapid escalation of the pandemic prompted another downgrade to the global outlook in March 2020. Jonathan Fortun and Robin Brooks cut their growth forecast below 1% as falling oil prices, credit stress and disrupted capital markets amplified the shock. They then expected first half recessions in the United States, euro area and Japan, followed by a recovery later that year.
Abstract
The rapid escalation of the pandemic prompted another downgrade to the global outlook in March 2020. Jonathan Fortun and Robin Brooks cut their growth forecast below 1% as falling oil prices, credit stress and disrupted capital markets amplified the shock. They then expected first half recessions in the United States, euro area and Japan, followed by a recovery later that year.
Cite this work
Jonathan Fortun, Robin Brooks (2020). GMV: The COVID-19 Recession. Institute of International Finance.