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Reassessing the Global Economic Fallout From COVID-19

Michael Monderer
Senior Analyst for Global Economics, Stratfor
Mar 24, 2020 | 10:00 GMT
A colorful and conceptual 3D illustration of the novel coronavirus.

A 3D illustration of COVID-19. The global economy is now expected to experience significantly lower growth in 2020 as more consumers and businesses adjust to a quarantined world.

(Ffikretow/Shutterstock)

As the COVID-19 outbreak continues to spread to more countries in more corners of the world, initial forecasts that the total economic damage would be mostly contained to China are no longer plausible. Consensus estimates now suggest a 5-10 percent drop in global gross domestic product (GDP) in the quarter...

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