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Global GDP: we currently project the COVID-19 pandemic will reduce global GDP by 5 percent below a no-virus baseline in 2020 and 2021
Private indebtedness: the impacts on private indebtedness suggest that the subsequent recovery will be slow – while pre-crisis growth rates ar…
Recessions are almost impossible to predict, despite what some economic forecasters might tell you. The current recession has unpredictability in spades – it has come out of a clear blue sky.
In January this year, the IMF was confidently predicting that world GDP would increas…
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