In connection with the epidemic of the coronavirus worldwide, global economic growth may become significantly slower, according to “Channel 24”, with a link to Market Insider.
According to the forecasts of growth in global GDP, U.S. Bank in 2020 indicated the lowest rate in 2009 is 2.8%. This is the first time it fell to below 3% after the financial crisis of 2007-2008.
According to a leading economist of the American Bank Aditya God bhava impulses GDP growth was mitigated even before the spread of the epidemic, a rigid quarantine of China in these conditions led to lower growth.
The GDP of China was reduced to the epidemic from 5.6% to 5%, 2%, but after the spread of the virus Bank of America expects zero growth rate and a fairly long recovery of all parameters after.
Such a disappointing forecast for China can also play a negative role for the world economy as a whole. However, according to experts, this will not entail new financial crisis and the emergence of a pandemic.
Katrine Johns has been a reporter on the news desk since 2013. Before that she wrote about young adolescence and family dynamics for Styles and was the legal affairs correspondent for the Metro desk. Before joining The Gal Post, Katrine Johns worked as a staff writer at the Village Voice and a freelancer for Newsday, The Wall Street Journal, GQ and Mirabella. To get in touch, contact me through my firstname.lastname@example.org 1-800-268-7128